Argo Blockchain, a UK-listed Bitcoin Mining organization has recently announced that they had confidentially applied a draft Registration Statement on Form F-1 to the U.S. Securities and Exchange Commission (SEC), to acquire secondary listing in the US, i.e., dual listing. The firm has revealed that the request is currently undergoing the SEC review process.
Argo specified in the application that the initial public offering would use American Depository Shares (ADS) Method. However, there has not been any announcement of a determined quantity and price brackets of the IPO. The proposed offering details are expected to be out by the third quarter, once the SEC is through with the review process.
The Press Release stated, “Argo Blockchain (LSE: ARB), a global leader in cryptocurrency mining, announces it has previously confidentially submitted a draft Registration Statement on Form F-1 with the United States Securities and Exchange Commission (the “SEC”) relating to a proposed dual
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