IPOsBy The Online Investor Staff, updated Sat., Jul. 2, 1:38 PM
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Slide #1. Ivanhoe Electric Inc. — Initial Public Offering
Ivanhoe Electric Inc.
Price Per Share:
Ivanhoe Electric Inc. ("Ivanhoe Electric"), a U.S.-based minerals exploration and development company, announced today the pricing of its initial public offering of 14,388,000 shares of its common stock at a price of US$11.75 per share. The gross proceeds from the offering are expected to be approximately US$169.1 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Ivanhoe Electric. In addition, Ivanhoe Electric has granted the underwriters a 30-day option to purchase up to an additional 2,158,200 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the NYSE American and the Toronto Stock Exchange on June 28, 2022 under the ticker symbol "IE". The offering is expected to close on June 30, 2022, subject to customary closing conditions.