Mining company Phoenix Group has completed its IPO on the Abu Dhabi Securities Exchange and will be listed on December 4th.

BlockBeats reported on November 21st that the cryptocurrency mining company Phoenix Group completed its IPO on the Abu Dhabi Securities Exchange, with a subscription rate of 33 times oversubscribed. The company issued 907,323,529 shares of stock, with retail investors oversubscribed by 180 times and professional investors oversubscribed by 22 times. The offer period will end on November 18th, and the listing is scheduled for December 4th, 2023, with the trading code as PHX. Previously, on November 15th, Phoenix Group announced that it would conduct its IPO on the Abu Dhabi Securities Exchange on November 16th. The tender offer price was set at 1.5 dirhams per share, with an expected total of 1.36 billion dirhams (approximately 370 million US dollars) in shares sold.