7 Things to Know About the Upcoming Applied Blockchain (APLD) IPO

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Applied Blockchain, Inc. Announces Launch of Initial Public Offering

April 8, 2022 8:00 AM EDT

DALLAS, April 08, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Applied or the Company), today announced it has launched an initial public offering of $60 million of its common stock, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the SEC). In addition, Applied intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the offered common stock at the public offering price, less underwriting discounts and commissions. Applied intends to list on the Nasdaq Global Select Market under the ticker symbol APLD.

B. Riley Securities and Needham & Company... More