Crypto mining hardware retailer Phoenix Group jumps 50%+ after raising $371M in an Abu Dhabi IPO; Abu Dhabi's largest conglomerate bought a 10% share in October (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg:

Crypto mining hardware retailer Phoenix Group jumps 50%+ after raising $371M in an Abu Dhabi IPO; Abu Dhabi’s largest conglomerate bought a 10% share in October  —  – The IPO drew orders worth $12 billion, 33 times oversubscribed  — Abu Dhabi’s IHC bought a 10% stake in Phoenix in October