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ZIJIN GOLD SEEKS $3.2 BILLION IN HONG KONG IPO AS DEMAND FOR THE PRECIOUS METAL SOARS

  • NEWS Desk Global
  • Sep 19
  • 1 min read

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China's Zijin Gold International, keen to make the most of bullish sentiment for the precious metal, is aiming to raise $3.2 billion in a Hong Kong IPO that is set to be the city's largest in four years.

Adding to a strong recovery for Hong Kong's equity capital market, the offering could garner as much as HK$28.7 billion ($3.7 billion) at a valuation of $24.6 billion if an overallotment of shares is fully exercised.

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