Zhi Tong Cai Jing·2025-09-09 06:22Core Viewpoint - Zijin Mining (02899) has seen its stock price rise over 4%, reaching a new historical high of 29.06 HKD, with a current trading price of 28.46 HKD and a trading volume of 1.419 billion HKD. The company is planning an IPO for its international gold mining subsidiary, which could raise over 3 billion USD, potentially becoming the second-largest IPO globally this year [1][1][1]. Group 1 - The IPO of Zijin Gold International is expected to raise over 3 billion USD, with the possibility of changes in the fundraising scale and timing [1][1]. - The listing could occur as early as this month, driven by strong investor interest due to gold prices hovering near historical highs [1][1]. - The IPO process is likely to accelerate, coinciding with a rising gold price cycle, which may enhance the company's gold asset valuation [1][1][1]. Group 2 - The IPO is anticipated to facilitate the company's internationalization process and broaden its access to high-quality international investors [1][1]. - It is expected to improve the company's competitiveness and flexibility in financing and merger transactions in overseas capital markets [1][1].