EOS News

EOS Developer Block.One Attempts 10% Private Buyback of Its Stock



developer Block.one is attempting a 10% buyback of its stock, offering backers a share repurchase price that will return as much as 6,567% on their initial investments. The news was reported by Bloomberg on May 22.

According to Bloomberg, the buyback values the company at around $2.3 billion, up from about a $40 million valuation in the 2017 seed round. The repurchase price being offered is $1,500 per share — up 6,567% from the original price of $22.50.

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Source: investing.com
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