Iris Energy Limited Announces Pricing of Initial Public Offering
Iris Energy Limited announced the pricing of its initial public offering (IPO) of 8,269,231 ordinary shares at $28.00 per share. The IPO will allow underwriters a 30-day option to buy an additional 1,240,384 shares. Shares are expected to trade on the Nasdaq under the ticker symbol IREN starting November 17, 2021, with the offering closing on November 19, 2021, pending customary conditions. J.P. Morgan, Canaccord Genuity, and Citigroup serve as lead book-running managers.
- Initial public offering price set at $28.00 per share.
- Potential for additional capital raised through underwriters' option.
- No significant financial metrics disclosed.
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SYDNEY, Australia, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Iris Energy Limited (“Iris Energy”) announced today the pricing of its initial public offering of 8,269,231 ordinary shares (“Ordinary Shares”), at a public offering price of
The closing of the offering is expected to occur on November 19, 2021 subject to satisfaction of customary closing conditions.
J.P. Morgan, Canaccord Genuity and Citigroup are acting as lead book-running managers for the proposed offering. Macquarie Capital, CLSA, Cowen and Cantor Fitzgerald are acting as book-running managers. Compass Point is acting as co-manager for the proposed offering and Galaxy Digital Partners LLC is acting as digital asset advisor.
The offering is being made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from any of the following sources:
- J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at: (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com;
- Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, Suite 1200, Boston, MA 02110, or by email at prospectus@cgf.com; or
- Citigroup Global Markets Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (800) 831-9146, or by email at prospectus@citi.com.
A registration statement on Form F-1 relating to these securities has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Iris Energy
Iris Energy is a Bitcoin mining company that builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or under-utilized renewable energy to power its operations. Iris Energy strives to support local communities, as well as the decarbonization of energy markets and the global Bitcoin network.
Contacts
Media
Jon Snowball
Domestique
+61 477 946 068
Investors
Bom Shin
Iris Energy
+61 411 376 332
bom.shin@irisenergy.co
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