Sinda, a portfolio company of The Electrum Group, has raised $213 million in its US initial public offering. The company sold 17.75 million shares in the IPO at $12 apiece, compared with the marketed range of $11.25 to $13.25 apiece.
Sinda is expected to begin trading on the New York Stock Exchange under the ticker symbol “SIND” on Friday. This comes after another miner backed by The Electrum Group, Sunshine Silver Mining & Refining Company, went public in New York earlier this month.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.