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Zijin Gold raises $25b in IPO debut

This marks the second-largest IPO in Hong Kong.

Zijin Gold International, a public spin-off of Zijin Mining Group, has raised $25b (US$3.2b) in its initial public offering (IPO) in Hong Kong.

The group sold 348,990,700 shares for $71.59 per share.

This marks the second-largest IPO debut in Hong Kong since Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL) raised US$4.6b in its Hong Kong offering in May.

Zijin Gold was first reported to debut in Hong Kong last early September.

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