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Stronghold Goes Public At 19 Per Share IPO

  • Stronghold has upsized its IPO to $19 per share, with plans to elevate $127 million.
  • The firm had beforehand introduced an IPO worth of between $16 and $18 per share, which might permit it to elevate round $100 million.
  • Stronghold’s frequent inventory shares are anticipated to start buying and selling at the moment beneath the ticker image $SDIG.

Bitcoin miner Stronghold Digital has upsized its preliminary public providing (IPO) worth to $19 per share, permitting it to elevate $127 million, the corporate mentioned in an announcement. The 6,687,305 shares of Stronghold’s Class A typical inventory are anticipated to start buying and selling on the Nasdaq at the moment beneath the ticker image “SDIG.”

The miner had introduced its IPO on October 13, at which period it anticipated every share to fall between a $16 and $18 IPO worth. The new upsized share worth may permit Stronghold to seize $114.8 million of web proceeds from the providing.

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