Strategy Inc (MSTR) is pricing its IPO of 7.75 million STRE stock at 80 EUR per share, settling on November 13. The company expects proceeds of around 608.8 million euro or $702.2 million, to be used for working capital, corporate purposes, and bitcoin acquisition. The stock will accumulate 10% annual dividends and is trading down 4.51% pre-market on the Nasdaq. Barclays Bank PLC, Morgan Stanley & Co. International plc, and others are joint book runners for the offering.

Read more at Nasdaq: Strategy Inc Prices IPO Of 7.75 Mln Preferred Stock At 80 EUR/share