Lessons to learn from Resourcehouse
Resourcehouse’s latest failed attempt to list in Hong Kong is not the end of the road for early stage miners there or for the Australian mining company itself. But it is a perfect blueprint for other mining companies looking to float: this is how not to do it.
Resourcehouse hoped to wrap up its long-awaited Hong Kong IPO last week. The books closed on Thursday and, after some deliberation, the company pulled the deal at the weekend.
That was hardly a surprise. The retail tranche was only half covered and institutional demand was also poor. The
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