Rhodium Enterprises Inc recently announced that it has begun an initial public offering of 7,692,307 RHDM Shares of its Class A common stock at an expected initial offering price (RHDM Stock Forecast) of $12.00 to $14.00 per share, in accordance with a listing agreement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). Furthermore, RHDM Stock Forecast experts claims that Rhodium Enterprises Inc proposes to provide the buyers a 30-day option to acquire up to 1,153,846 RHDM Shares of Class A common stock at the public offering price, less advertising discounts and fees. Rhodium Enterprises Inc seeks to list under the stock code “RHDM” on the Nasdaq Global Select Market.
RHDM Stock Data
- Ticker Symbol: RHDM
- Exchange: NASDAQ
- Reporting Currency: US Dollars
- CIK Code: 1874985
- Market Cap: 977.51M
- Revenue: 53.33M
- Net Income: 14.63M
- RHDM Shares Out: 75.19M
- EPS: 0.19
- PE Ratio: 66.81
- RHDM Stock Forecast: n/a
What Does Rhodium Enterprises Inc Do?
Rhodium Enterprises Inc is an industrial-scale technology platform technology firm that mines bitcoin with their unique methods.
Rhodium Enterprises Inc’s objective is to develop breakthrough technologies in order to be the most sustainable and cost-effective bitcoin generator in the industry. They think they can do so because to their completely integrated infrastructure platform, access to reliable and low-cost electricity, and direct ownership and operation of the bulk of the components of their own specialized mining areas.
Rhodium Enterprises Inc’s flagship liquid-cooling technology, efficiency process produces, and end-to-end administration software are all part of their completely integrated infrastructure platform.
The company’s specifically constructed infrastructure enables them to maintain low operational costs and minimize energy usage, providing considerable benefits in generating profitability throughout a wide range of bitcoin market situations. With 100 megawatts of liquid-cooled miners expected to be operational by December 2021, the firm think they will be one of the greatest liquid-cooled cryptocurrency mining facilities in the world.
- About Rhodium Enterprises Inc
|IPO Date||Jan 20, 2022|
RHDM Stock Forecast News
Delaware-based Rhodium Enterprises Inc announced the conditions of its initial public offering (IPO) on Thursday, January 13, and plans to go public in the US stock marketplace the following week.
Rhodium Enterprises Inc is a miner of Bitcoin, the oldest known cryptocurrency in the world, and it intends to offer around 7.7 million shares into its IPO.
The RHDM Stock Forecast is priced between US$ 12 and US$ 14 per share, with Cowen and B. Riley Securities handling the financing.
Rhodium Enterprises Shares might be worth around US$ 1.7 billion if the sale takes place at US$ 14 per share.
How to Buy Rhodium Enterprises Stock?
Rhodium Enterprises Stock intends to go publicly on Nasdaq by next week under the stock ticker RHDM.
Potential traders have begun to explore for RHDM Stock Forecast data. They will, though, have to wait until the RHDM Stock goes public.
It is unknown whether Rhodium Enterprises Inc will sell pre-IPO shares to ordinary traders. Nevertheless, the pre-IPO RHDM Stocks may be accessible on the IPO Access platform of Robinhood and other investment companies, according to reports.
Individual traders frequently choose to purchase pre-IPO shares since there is a probability that the RHDM Stock Price may rise after the firm begins trading on a stock exchange.
It is significant to remember that the RHDM Stock Price may fall after the IPO if it fails to attract shareholders’ attention.