Phoenix Group will conduct an IPO, aiming to raise $370 million

ChainCatcher news, according to Investing.com, Abu Dhabi blockchain and crypto solutions provider Phoenix Group will conduct its initial public offering (IPO) on November 16 at the Abu Dhabi Securities Exchange. Phoenix Group has set the offer price at 1.5 dirhams per share, totaling 1.36 billion dirhams (370 million USD) in stock.

In addition, recently, International Holding Company (IHC) of the UAE acquired a 10% stake in Phoenix Group.