Mining company Ivanplats Ltd. might seek as much as $1 billion
in an initial public offering as early as the second quarter,
Bloomberg News reported Friday on its website, citing unnamed
sources.
Ivanplats is planning to put out a prospectus as soon as next
month, although the plans are still subject to market conditions,
the report quoted the sources as saying.
The company might be valued at as much as $5 billion after the
IPO, which might take place in Toronto followed by a secondary
listing in London, the report said.
Bank of Montreal (BMO), Morgan Stanley (MS) and UBS AG (UBS) are
working with Ivanplats on the potential IPO, the report said,
citing one of the sources.
An Ivanplats spokesman declined comment, the report said.
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