Kinetic Mines IPO

Kinetic Mines prices IPO at bottom to raise $150 million

The Inner Mongolia-based coal miner attracts demand from specialist investors, but the retail tranche falls short.
<div style="text-align: left;">
Kinetic is in the process of developing a mine in Erdos City, Inner Mongolia
</div>
<div style="text-align: left;"> Kinetic is in the process of developing a mine in Erdos City, Inner Mongolia </div>

Kinetic Mines and Energy, which is developing a thermal coal mine in China’s Inner Mongolia region, has raised HK$1.17 billion ($150 million) from its Hong Kong initial public offering. This makes it the third-biggest deal in the city so far this year after Sunshine Oilsands and Xiwang Special Steel, which raised $580 million and $171 million respectively.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media