Resourcehouse delays IPO

Resourcehouse delays retail offering, pushes back listing date

The Australian company, which is developing coal and iron ore mines in cooperation with several Chinese SOEs, is seeking to raise up to $3.6 billion from its Hong Kong listing.

Australia-based greenfield coal and iron ore miner Resourcehouse, which has been on the road marketing its $3.3 billion to $3.6 billion initial public offering since May 17, has postponed the launch of the retail tranche for a few days as it “requires additional time for certain commercial arrangement sic, the company said in an announcement filed with the Hong Kong stock exchange last night.

The miner, which is seeking to capitalise on the growing demand for resources in China in particular, was initially due to start accepting subscriptions from the retail public today, which would have allowed it to price the deal after the US market closes next Tuesday...

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