First Crypto IPO on London Stock Exchange Captures $32.5 Million

London-based mining operation Argo is the first cryptocurrency firm to successfully launch an IPO on the London Stock Exchange, capturing £25 million (USD $32.5 million) in investor capital. The August 3, 2018 launch of the public offering provides retail investors with the opportunity to purchase ordinary shares in the mining organization, which operates a mining facility in Quebec, at a rate of £0.001 each. Argo Minings’s June 11 IPO announcement marks the first time a cryptocurrency-focused platform gained an admission standard segment of the LSE Official List, with the purpose of the flotation as “raising the public profile of Argo and to provide new funds for expansion and long-term growth.”

It’s official! We are now a publicly traded company on the @LSEplc #Argo pic.twitter.com/E1f2BvRvdg

— Argo (@ArgoMining) August 3, 2018 Argo Moves to Legitimize Mining-as-a-Service Argo has made 293,750,000 ordinary shares available, 156 million of which — accounting for

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