Andrew Forrest’s Private Nickel Vehicle Flooded by IPO Pitches
- Wyloo Metals chief says group is ‘not thinking about’ an IPO
- Funding options include debt and Forrest’s family office
Fortescue Metals Group Chairman Andrew Forrest
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Wyloo Metals Pty Ltd., the private nickel miner owned by Australian billionaire and Fortescue Metals Group Chairman Andrew Forrest, says it’s being inundated with pitches to take the company public.
“Every banker on the street is pitching” an initial public offering, Wyloo Chief Executive Officer Luca Giacovazzi told media at the Diggers and Dealers conference in Kalgoorlie on Wednesday. “We’re not thinking about an IPO at the moment,” he added.