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TechFlow has learned from sources that Phoenix Technology, a UAE-based retailer of cryptocurrency mining hardware, has begun preliminary discussions with UAE authorities regarding an IPO.
The company, which is developing one of the largest mining facilities in the Middle East, is considering listing in Abu Dhabi as early as this year, according to the sources. The talks are ongoing, and details such as timing and size of the offering could still change.
Phoenix Technology, a UAE-based cryptocurrency mining hardware retailer, has begun preliminary discussions with UAE authorities regarding an IPO. The company, which is developing one of the largest mining facilities in the Middle East, is considering listing in Abu Dhabi as early as this year, according to people familiar with the matter. Talks are still ongoing, and details such as timing and size of the offering could still change.
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