May 26 (Reuters) – Sunshine Silver Mining & Refining Company is targeting a valuation of up to $2.32 billion in its U.S. initial public offering, as the company seeks funds to restart a mine in Idaho that produced silver, antimony and other minerals. The Denver, Colorado-based company is seeking to raise up to $330 million […]
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Sunshine Silver eyes $2.32 billion valuation in US IPO
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May 26 (Reuters) – Sunshine Silver Mining & Refining Company is targeting a valuation of up to $2.32 billion in its U.S. initial public offering, as the company seeks funds to restart a mine in Idaho that produced silver, antimony and other minerals.
The Denver, Colorado-based company is seeking to raise up to $330 million by offering 20 million shares priced between $13.50 and $16.50 apiece, it said on Tuesday.
It will list on the New York Stock Exchange under the symbol “SSMR”.
Morgan Stanley, Scotiabank and BMO Capital Markets are the joint lead book-running managers for the offering.
(Reporting by Atharva Singh; Editing by Devika Syamnath)