trending Market Intelligence /marketintelligence/en/news-insights/trending/gawws84bvfkf9vw3rcahfa2 content esgSubNav
In This List

Jupiter Mines targets A$240M IPO in ASX relisting bid


Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge


Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond

Jupiter Mines targets A$240M IPO in ASX relisting bid

Jupiter Mines Ltd., looking to return to the ASX, is targeting to raise A$240 million in an IPO, higher than the originally expected amount of between A$150 million and A$200 million.

The company said March 19 that it lodged a prospectus with the Australian Securities and Investments Commission, offering 600 million shares at 40 Australian cents per share, which upon completion, will result in a free float of about 70% of Jupiter shares on the ASX.

The offering is mainly for sophisticated institutional shareholders, but has a retail component of 37.5 million shares.

The offer is expected to close April 6, with trading of shares to start April 18.

Jupiter Mines is planning a return to the ASX after more than four years due to increasing commodity prices and investor interest, after leaving the ASX in January 2014 with a market capitalization of A$185 million.

The company holds a 49.9% stake in the Tshipi manganese mine in South Africa as its flagship asset.