Dega Ardani on Nostr: Iris Energy went public in late 2021, successfully raising $232 million from its IPO. ...
Iris Energy went public in late 2021, successfully raising $232 million from its IPO. However, shortly after the IPO, the company's stock price experienced a significant decline, mirroring the broader downturn in the cryptocurrency market . This rapid drop in stock value led to investor concerns and the subsequent class action lawsuit, which argued that the company had overstated its financial position and misrepresented its business prospects.
Published at
2024-10-01 10:44:12Event JSON
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