Mining IPO

Kinetic Mines launches IPO of up to $180 million

The Inner Mongolia-based coal miner has attracted one cornerstone investor that will buy $30 million worth of shares ahead of the Hong Kong listing.
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A coal mine in Inner Mongolia (AFP) </div>
<div style="text-align: left;"> A coal mine in Inner Mongolia (AFP) </div>

Kinetic Mines and Energy yesterday kicked off both the institutional bookbuilding and the retail portion of its Hong Kong initial public offering that aims to raise between HK$1.17 billion and HK$1.40 billion ($151 million to $180 million).

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