Phoenix Group, an emerging leader in the cryptocurrency mining sector, has completed its initial public offering (IPO) in the UAE, achieving a significant milestone in the region’s financial landscape.
The offering, which concluded on Nov. 18, witnessed a 33-fold oversubscription with a particularly robust response from retail investors who oversubscribed by a whopping 180 times.
Bloomberg broke the news about Phoenix’s IPO talks back in July.
Major crypto hub
The successful completion…