Market Chatter: Zijin Gold IPO Retail Book to Close Early as Super Typhoon Clouds Debut

MT Newswires Live
Sep 23

Zijin Gold International (HKG:2259) will conclude the retail book-building for its Hong Kong IPO on Tuesday, a day earlier than its original plan, The Standard reported the same-day, citing IFR.

The company's trading debut, originally set on Sept. 29, could also be delayed due to Super Typhoon Ragasa.

If Hong Kong issues a storm warning No. 8 or above between 9 a.m. and noon on Wednesday, Zijin Gold would need to postpone the deadline for retail investors to put in their bids, according to its Sept. 19 listing prospectus.

A unit of Zijin Mining (SHA:601899, HKG:2899), Zijin Gold is seeking to raise up to HK$25 billion, which would make it Hong Kong's second-largest listing this year after CATL's HK$41 billion float.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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