Zijin Gold to raise $3.2bn via Hong Kong IPO

Zijin Gold International, a wholly owned subsidiary of China's Zijin Mining, is seeking to raise HK$24.98bn through an initial public offering (IPO) in Hong Kong. The company is offering 349 million shares at HK$71.59 each, with trading scheduled to begin on 29 September. The IPO will give Zijin Gold an estimated value of $24.1bn, reported Reuters. The IPO comes at a time when gold prices, typically buoyed by low interest rates and market uncertainty, have gained nearly 39% this year. This offering wil ...