Cryptocurrency mining firm Phoenix Group (ADX: PHX) has achieved a significant milestone by debuting trading on the Abu Dhabi Securities Exchange, marking one of the Middle East's initial publicly listed industry firms. The PHX stock debuted at 2.25 dirhams (AED) or $0.6 on December 5, witnessing a remarkable surge of up to 50% from its initial public offering (IPO) price of 1.50 AED, as disclosed in the Phoenix IPO prospectus.
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