Crypto Miner, Winery Launch Plans For 2 IPOs Totaling $175M – Law360


By Tom Zanki (October 13, 2021, 7:02 PM EDT) — Alternative energy cryptocurrency miner Stronghold Digital Mining Inc. and California winery Winc Inc. joined a crowded initial public offerings pipeline Wednesday, setting price ranges on IPOs that could raise $175 million combined, guided by four law firms.

New York-based Stronghold, advised by Vinson & Elkins LLP, told regulators it plans to offer 5.9 million shares priced between $16 to $18 apiece, raising $100 million at midpoint. Nelson Mullins Riley & Scarborough LLP is representing Stronghold’s underwriters.

Santa Monica, California-based Winc, advised by Latham & Watkins LLP, plans to offer 5 million shares priced between $14 to $16 each, raising $75 million…

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