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Zijin Gold Seeks $3.2 Billion in World’s Biggest IPO Since May
Zijin Gold International Co. is seeking to raise HK$25 billion ($3.2 billion) for an initial public offering in Hong Kong that’s poised to be the world’s biggest deal of its kind since May. The company, a unit of China’s top miner, is offering about 349 million shares at HK$71.59 each, according to a listing document. Trading is set to begin Sept. 29. The gold producer is coming to market at a time prices of the precious metal extend their rise — it broke another record this week. That’s provided a tailwind for miners to raise funds for further expansion or pay off debt. Based on the pricing, its shares ... (full story)
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