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Chinese Nickel Trader Lygend Readies $1 Billion IPO Launch, Sources Say

  • Ningbo-based firm plans to start taking investor orders
  • Lygend could start trading in Hong Kong as soon as September

Lygend Resources & Technology Co., a Chinese nickel producer and trader, is planning to start taking investor orders for an initial public offering in Hong Kong as early as September, according to people with knowledge of the matter.

The Ningbo-based company is working with advisers and is seeking to raise as much as $1 billion. After its first application for the listing in February lapsed, it is planning to refile in September and could make its trading debut as soon as the same month, one of the people said.