Zhi Tong Cai Jing·2025-09-09 06:23Core Viewpoint - Zijin Mining (601899) is experiencing significant stock price appreciation, reaching a historical high, driven by the anticipated IPO of its international gold mining subsidiary, which could raise over $3 billion, making it the second-largest global IPO this year [1] Group 1: Stock Performance - Zijin Mining's stock rose over 4% during trading, peaking at HKD 29.06, and is currently up 2.6% at HKD 28.46, with a trading volume of HKD 1.419 billion [1] Group 2: IPO Details - The IPO of Zijin Gold International is expected to raise more than $3 billion, with the potential to become the second-largest IPO globally this year [1] - Discussions regarding the IPO's scale and timing are ongoing, with the listing possibly occurring as soon as this month [1] - Investor interest in the IPO is notably high due to gold prices hovering near historical highs [1] Group 3: Strategic Implications - CITIC Securities previously indicated that the IPO process for Zijin Gold International may accelerate, coinciding with a rising gold price cycle, which could enhance the company's gold asset valuation [1] - The IPO is expected to facilitate the company's internationalization, broaden access to quality international investors, and improve competitiveness and flexibility in overseas capital market financing and M&A transactions [1]