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<IPO>GIC Said to Invest in Zijin Gold Int'l HK IPO
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Institutional investors, including Singapore's sovereign wealth fund GIC Pte, Millennium Management LLC, and Hillhouse Investment, are set to participate in the Hong Kong IPO of Zijin Gold International, a spin-off of ZIJIN MINING (02899.HK), foreign media reported, citing sources. Sources also revealed that BlackRock, Fidelity International, and Baillie Gifford & Co. are Zijin Gold International's cornerstone investors, expected to receive about half of the IPO shares. Zijin Gold International may start accepting subscriptions from other investors and the public as early as Friday (19th), with the fundraising scale possibly exceeding USD3 billion. AAStocks Financial News |
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