Guan Cha Zhe Wang·2025-09-19 02:01Core Viewpoint - Zijin Mining Group's subsidiary, Zijin Gold International, plans to globally issue 349 million shares at a price of HKD 71.59 per share, aiming to raise approximately HKD 25 billion (around RMB 22.86 billion) [1][2] Group 1: IPO Details - The share issuance is expected to account for 13.3% of the total share capital post-issue, with 10% allocated for public offering in Hong Kong and 90% for international placement [1] - If underwriters fully exercise their over-allotment option, the share issuance proportion will increase to 15% of total share capital [1] - The funds raised will primarily be used to expand the company's gold resource exploration, mining development, and refining operations, enhancing its competitiveness in the global gold market [1] Group 2: Investor Participation - The IPO is regarded as the largest public offering globally since May 2025, attracting significant institutional investors [2] - Notable investors include Singapore's Government Investment Corporation (GIC), Millennium Management LLC, and Hillhouse Capital, all of which have confirmed their participation [2] - BlackRock, Fidelity International, and Baillie Gifford are expected to act as cornerstone investors, collectively anticipated to subscribe to about half of the IPO shares [2]