Argo Blockchain PLC (ARBKF)

[stockmavin]

If I read this properly we will have 1 share of arbk for every 10 of arbkf.

Argo Blockchain PLC on Tuesday said it was assuming an initial public offering price of $18.40 per American depositary share in its initial public offering of 7.5 million ADSs in the U.S.

The company said its shares trade on the London Stock Exchange Main Market under the symbol "ARB," and on the OTCQX Best Market under the symbol "ARBKF." Argo Blockchain said it applied to list its ADSs on the Nasdaq Global Market under the symbol "ARBK."

The company said it based its assumption of $18.40 per ADS on the last reported sale price of its shares at GBP1.334, or $1.84 per ordinary share, on the London Stock Exchange on Sept. 10.

The company said the actual offering price "will be determined between us and the underwriters at the time of pricing, and may be at a discount to the current market price of our ordinary shares on the LSE."

Argo said each ADS would represent 10 of its ordinary shares.

The company said it is a "blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies."