Iris Energy $215.3 million IPO
Davis Polk advised the representatives of the several underwriters in connection with the approximately $215.3 million initial public offering of 8,269,231 ordinary shares of Iris Energy Limited. Iris Energy is traded on the Nasdaq Global Select Market under the trading symbol “IREN.”
Iris Energy is a Bitcoin mining company that builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or under-utilized renewable energy to power its operations. Iris Energy strives to support local communities, as well as the decarbonization of energy markets and the global Bitcoin network.
The Davis Polk corporate team included partners Byron B. Rooney and Marcel Fausten and associate Meaghan Kennedy. Partner Lucy W. Farr and associate Daniel L. Jose provided tax advice. Partner Pritesh P. Shah and associate Hilary Smith provided intellectual property advice. Counsel Loyti Cheng and associate Cristina Harshman provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.