Stronghold Goes Public At 19 Per Share IPO


  • Stronghold has upsized its IPO to $19 per share, with plans to raise $127 million.
  • The company had previously announced an IPO price of between $16 and $18 per share, which would allow it to raise around $100 million.
  • Stronghold’s common stock shares are expected to begin trading today under the ticker symbol $SDIG.

Bitcoin miner Stronghold Digital has upsized its initial public offering (IPO) price to $19 per share, allowing it to raise $127 million, the company said in an announcement. The 6,687,305 shares of Stronghold’s Class A common stock are expected to begin trading on the Nasdaq today under the ticker symbol “SDIG.”

The miner had announced its IPO on October 13, at which time it expected each share to fall between a $16 and $18 IPO price. The new upsized share price might allow Stronghold to capture $114.8 million of net proceeds from the offering.


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