Rhodium Enterprises Inc. has set terms for its initial public offering, in which the bitcoin miner could be valued at more than $1.7 billion. The company is looking to raise up to $107.7 million, as it is offering 7.69 million Class A shares in the IPO, which is expected to price between $12 and $14 a share. With 56.84 million Class A shares and 67.50 million Class B shares expected to be outstanding after the IPO, the pricing could value the company at up to $1.74 billion. The stock is expected to list on the Nasdaq under the ticker symbol "RHDM." B. Riley Securities and Cowen are the joint bookrunners, and Needham is the lead manager of the IPO. The company recorded net income of $12.8 million on revenue of $82.1 million during the nine months ended Sept. 30, 2021, and held $8.4 million in digital assets and $272.1 million in total assets as of Sept. 30. The company is looking to go public at a time of relative investor disdain for IPOs and bitcoin, as the Renaissance IPO ETF (IPO) has dropped 19.2% over the past three months, while bitcoin has tumbled 23.8% and the S&P 500 has gained 8.3%.
-Tomi Kilgore
Rhodium Enterprises Inc. 已經爲其首次公開募股設定了條款,該比特幣礦商的估值可能超過17億美元。該公司計劃籌集高達1.077億美元的資金,因爲它將在首次公開募股中發行769萬股A類股票,預計價格在每股12至14美元之間。首次公開募股後預計將發行5,684萬股A類股票和6,750萬股B類股票,該定價可能高達17.4億美元。預計該股將在納斯達克上市,股票代碼爲 “RHDM”。B. Riley Securities和Cowen是聯席賬簿管理人,Needham是首次公開募股的首席經理。截至2021年9月30日的九個月中,該公司的淨收入爲1,280萬美元,收入爲8,210萬美元,截至9月30日,公司持有840萬美元的數字資產和2.721億美元的總資產。該公司希望在投資者對IPO和比特幣相對不屑一顧的時候上市,因爲文藝復興時期的IPO ETF(IPO)在過去三個月中下跌了19.2%,而比特幣下跌了23.8%,標準普爾500指數上漲了8.3%。
-Tomi Kilgore