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Vela Technologies welcomes Argo Blockchain IPO plan

Monday, 11th June 2018
Vela Technologies noted that one of its investment companies, Argo Blockchain, intended to seek a listing on the London Stock Exchange.

Argo, of which Vela held a 1.9% interest, wanted to raise £20m, valuing the company at £40m.

In February, subscribed for 2.5m shares in Argo, at a price of 8p per share for a consideration of £200,000.

At 1:36pm: (LON:VELA) Vela Technologies share price was +0.08p at 0.55p

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