🇬🇧 First crypto firm IPO on London Stock Exchange raises $32.5 million

Crypto mining company Argo Mining (ticker: ARB) which provides "accessible" crypto mining via a subscription service, is the first crypto company to be listed on the London Stock Exchange (LSE). The company raised about $32.5 million through the IPO and kicked off on the exchange with about 156 million shares accounting for 53.2% of its issued shared capital according to a company document. Several other mining companies in the space are also considering IPOs, such as Bitmain, Cannan Creative, and Ebang Communication.