Friedland’s Ivanplats May Raise Up to $333 Million in IPO
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Ivanplats Ltd., a mining company founded by billionaire Robert Friedland, plans to raise as much as C$327.2 million ($333 million) in an initial public offering to develop mines in Africa.
Ivanplats, based in Vancouver, plans to sell 60.6 million shares in Toronto for C$4.50 to C$5.40 apiece, according to sales documents obtained by Bloomberg News. The pricing of the IPO is expected Oct. 15, according to the document. A spokesman for the company couldn’t immediately confirm the terms.