Deals
Mining IPOs May Set Record as Investors Bet on Metal Demand
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Global initial public offerings by mining and basic material companies may reach a record next year, after the biggest gain of any industry in 2010, as China and India drive up metal prices and attract investors.
Mining, chemical, and heavy industry IPOs jumped more than fivefold to $30.3 billion this year, compared with the record $32.21 billion in 2007, according to data compiled by Bloomberg. Miners made up 13 of the top 20 issues in the sector as IPOs across all groups more than doubled to $280 billion.