Ivanhoe Electric, which owns and develops US copper, gold, and other mineral and metal mining projects, pushed back the timing of its IPO to next week. The company had been expected to trade on Friday, June 24. Ivanhoe Electric did not disclose a reason for the delay, and a new SEC filing on Friday provided no material update. It plans to list on the NYSE American and the TSX under the symbol IE.
The Vancouver, Canada-based company plans to raise $174 million by offering 14.4 million shares at a price range of $11.75 to $12.50.
Ivanhoe Electric was founded in 2010 and booked $10 million in sales for the 12 months ended March 31, 2022. BMO Capital Markets, Jefferies, and J.P. Morgan are the joint bookrunners on the deal.
