June 26 (Reuters) – Sinda said late on Thursday it had raised $213 million in its U.S. initial public offering, becoming the latest silver miner to tap the new listings market this month.
The company sold 17.75 million shares in the IPO at $12 apiece, compared with the marketed range of $11.25 to $13.25 apiece.
Sinda is a portfolio company of The Electrum Group, a natural resources-focused investment firm led by prominent metals investor Thomas Kaplan.
Sunshine Silver Mining & Refining Company, another miner backed by The Electrum Group, went public in New York earlier this month.
Sinda is expected to begin trading on the New York Stock Exchange under the ticker symbol “SIND” on Friday.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shreya Biswas)
Comments