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The company filed for the sale on Tuesday, with the company seemingly trying to take advantage of its soaring stock price, which is up 650% so far this year. Its stock dropped on the news though, down around 2% as of 9.45 a.m. ET.
Shakeel Hashim ( @shakeelhashim) is a growth manager at Protocol, based in London. He was previously an analyst at Finimize covering business and economics, and a digital journalist at News UK. His writing has appeared in The Economist and its book, Uncommon Knowledge.
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