CopperTech Metals is targeting a valuation of up to $3.57 billion in its U.S. initial public offering, as the copper and cobalt producer seeks to raise as much as $423.5 million, it said on Tuesday.The U.S.-domiciled company plans to offer 23.5 million shares priced between $16 and $18 apiece.Vedanta Resources last year launched CopperTech Metals, which owns and operates Konkola Copper Mines in Zambia's Copperbelt province.Citigroup and Cantor are joint book-running managers for the offering.CopperTech will list on the New York Stock Exchange under the symbol "CUX."
Vedanta's CopperTech Metals targets $3.6 billion valuation in US IPO
CopperTech Metals is targeting a valuation of $3.57 billion in its forthcoming U.S. IPO, aspiring to generate up to $423.5 million. This prominent copper and cobalt producer, which oversees Zambia's Konkola Copper Mines, intends to sell 23.5 million shares priced between $16 and $18. The company, originally founded by Vedanta Resources, will list on the NYSE under the ticker 'CUX'.
87 words~1 min read
