Enterprise blockchain firm APLDBlockchain has adjusted its recently filed IPO, now offering more than twice the number of shares at less than half the price. By jamiecrawleycd
. The price range has been reduced to $6-$8 from $16.54-$20.54, therefore the overall size of the IPO remains the same at $60 million.
Additionally, underwriters now have a 30-day option to purchase up to an additional 1,285,714 shares of the common stock, increased from the previous figure of 485,436. It is not entirely clear why Applied Blockchain has taken this step, though it is likely that the firm made the changes to make its offering more attractive.
Applied Blockchain is currently listed on the OTC Pink and is filing to list on the Nasdaq Global Select Market under the ticker"APLD." The firm's first data in North Dakota was providing 55MW of energy to customers as of early February. In November 2021, it agreed to develop a 200MW wind-powered facility in Texas.Austin, TexasThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vinfast files for IPO in USBloomberg estimates a $2 billion valuation for Vinfast's IPO.
Read more »
Florida teen earns $4M in scholarship money, gets accepted to 27 universitiesA Florida teenager applied to and was accepted into 27 colleges and universities.
Read more »
Nasdaq survey indicates financial advisors are eager for a spot crypto ETFA Nasdaq survey showed that a spot ETF would motivate financial advisors to invest more in crypto.
Read more »
How Businesses Can Benefit From Cryptocurrency Adoption | HackerNoon
Read more »