Chinalco keen for slimmed down Hong Kong listing
Chinalco Mining Corp International is considering relaunching a cut-size Hong Kong IPO in the next two weeks, after maintaining $300m of cornerstone interest despite cancelling a previous attempt in June, according to a banker close to the deal.
The mining company struggled to find demand for a $1bn deal in the summer after four weeks of pre-marketing and decided against launching a smaller deal, making a concession to volatile market conditions that pushed several issuers to postpone deals.
The miner wants to approach investors again, in an ...Already a subscriber? Login