The blockchain sector is now on the radars of plenty of investors and rightly so, considering the sort of growth that it has generated in recent years. One of the blockchain stocks that investors could consider looking into this week is that of Argo Blockchain PLC (OTCMKTS:ARBKF), which has managed to clock gains of as much as 18% over the course of the past month.
Yesterday, the Argo was in focus after the cryptocurrency mining and blockchain infrastructure company announced the pricing of the initial public offering of its American Depository Shares. The company announced that as many as 75,000,000 ordinary shares of Argo Blockchain are going to be offered for the price of $15 each.
It is going to be a significant move for the company and it is going to be interesting to see how its shares perform in the days leading up to the initial public offering. In should however be noted that since this is an underwritten offering, the company has already been successful in raising a total of $112,500,000 in gross proceeds. Commissions, underwriting discounts and other related expenses are going to be deducted from that sum. At this point, it is a stock worth adding to the watch lists.