• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Money Expo, Qatar (December 2-3, 2025)
    • TRUSTECH , Paris (December 2-4, 2025)
    • Digital Assets Forum, London (February 5-6, 2026)
    • Megacampus Summit, Dubai (March 6-7, 2026)
    • iCrypto Awards: People’s Choice, Dubai (December, 2026)
  • Past Events

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
Visit TRUSTECH, Paris | December 2-4, 2025 | Get Free Pass
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Phoenix Group PLC Announces Commencement of Offer Period for Upcoming IPO

November 16, 2023 By GlobeNewswire

ABU DHABI, UAE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Phoenix Group PLC, UAE's homegrown crypto powerhouse is set to list on the Abu Dhabi Securities Exchange. Co-founded by visionary blockchain and cryptocurrency veterans, Bijan Alizadehfard and Munaf Ali are excited to announce the region's first privately owned crypto and blockchain conglomerate listing in Abu Dhabi.

A leading innovator in the blockchain and cryptocurrency space, is pleased to announce the start of its offer period beginning November 16, 2023. This milestone marks the availability of 907,323,529 shares at an offer price of AED 1.50 per share, opening up a window of opportunity for investors to be a part of Phoenix Group's growth journey.

The offer period, extending until November 18, 2023, will enable investors to partake in a 17.64% stake of the company's share capital, which prior to the offering stands at 5,141,500,000 shares. This offering is a testament to Phoenix Group's commitment to innovation and its strategic position in the burgeoning Middle Eastern crypto economy.

Phoenix Group ensures a streamlined process for all potential subscribers with the Lead Receiving Bank, First Abu Dhabi Bank PJSC, and the Lead Manager, International Securities LLC, orchestrating the offering. The company has made provisions for both retail and professional investors, with a focus on inclusivity and transparency.

This offering comes at a time when Phoenix Group is expanding its influence and is poised for significant growth. The company's robust adaptability and progressive strategies have established it as an outstanding investment choice for those seeking to capitalize on this promising venture.

Investors are invited to apply for shares within the offer period and be a part of Phoenix Group's exciting future. For detailed information on the subscription process and to view the prospectus, please visit the Phoenix Group website or contact the Lead Receiving Bank.

About Phoenix Group PLC

Phoenix Group PLC is at the forefront of the blockchain and cryptocurrency sectors, offering innovative solutions and expansive growth potential within the Middle East and beyond.

Social Links

X (Formal Twitter): https://twitter.com/phoenixgroupuae

LinkedIn: https://www.linkedin.com/company/phoenixgroupuae/

Media Contact

Brand: Phoenix Group PLC

Contact: Media team

Email: info@phoenixgroupuae.com

Website: https://phoenixgroupuae.com/press/

SOURCE: Phoenix Group PLC


Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Open Campus and Animoca Brands partner with Nasdaq-listed ANPA for US$50 million EDU token strategy

November 26, 2025

KuCoin Secures AUSTRAC Digital Currency Exchange Registration, Enhances Fiat Access for Australian Users

November 26, 2025

MoonPay Secures New York Trust Charter to Expand Regulated Financial Infrastructure

November 26, 2025

SquareX announces Wipro Ventures as Strategic Partner for Browser Detection and Response, Turning Any Browser into Enterprise-Grade Secure Browser with a Simple Extension

November 26, 2025

Backed Launches xPort to Bring Trillions in Equities Onchain

November 26, 2025

TRUSTECH

Digital Asset Forum

iCrypto Awards

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter