Deals
Mongolian Coal Giant Selects Banks for $1 Billion Hong Kong IPO
- Bank of America, Credit Suisse picked to lead share sale
- Tavan Tolgoi ramping up preparations for Hong Kong listing
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Erdenes Tavan Tolgoi JSC, the Mongolian state-owned coal miner, has picked banks including Bank of America Corp. and Credit Suisse Group AG to lead a planned Hong Kong initial public offering that could raise more than $1 billion, people familiar with the matter said.
The company plans to hold a kick-off meeting with its advisers as soon as next week to begin detailed work on the IPO, the people said, asking not to be identified because the information is private.