Phoenix Group Rises 50% After $371M Abu Dhabi IPO

Phoenix Group Rises 50% After $371M Abu Dhabi IPO

On December 5, Abu Dhabi’s financial market witnessed a momentous occasion as Phoenix Group, a cryptocurrency mining company, began trading on the Abu Dhabi Securities Exchange (ADX). This marks one of the first instances of a company from this sector going public in the Middle East, and Phoenix Group’s entry into the stock market has…