Blockchain enthusiasts, take note! 🎉 Phoenix Group, an Abu Dhabi-based blockchain and crypto solutions company, will be conducting an IPO (initial public offering) on ​​the Abu Dhabi Stock Exchange on November 16! 💰 The company set the offer price at AED 1.5 per share, and expects to issue a total of AED 1.36 billion (approximately US$ 370 million) of shares. 📈

Moreover, the UAE International Holding Company (IHC) recently acquired a 10% stake in Phoenix Group! 🤝 This is undoubtedly a great confidence support for the Bitcoin and blockchain industry! 😃 Let us look forward to the performance of this IPO together! 🚀