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Bloomberg: Zijin Gold IPO Faces Delay Amid Typhoon
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Heartspace News Desk
•Source: Bloomberg.com
Photo by Andi Hasbi Jaya on Unsplash
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Key takeaways
- Zijin Gold International Co
- 2 billion initial public offering (IPO), poised to be the largest in recent months, faces potential delays due to Super Typhoon Ragasa, Bloomberg reports
- The company is currently accepting orders in anticipation of its Hong Kong trading debut scheduled for September 29
Zijin Gold International Co.'s planned $3.2 billion initial public offering (IPO), poised to be the largest in recent months, faces potential delays due to Super Typhoon Ragasa, Bloomberg reports. The company is currently accepting orders in anticipation of its Hong Kong trading debut scheduled for September 29.
However, Zijin Gold's prospectus indicates that a Hong Kong storm warning of No. 8 or higher issued on Wednesday morning would necessitate a postponement of the retail investor bidding deadline. This delay would consequently impact the stock's scheduled debut.
Related Topics
IPOZijin Gold International Co.medtechinitial public offeringfundingAsia Pacific
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