Coronado Global Resources, which owns met coal mines in the U.S. and Australia, raised A$774 million in an initial public offering (IPO). Coronado now trades under the ticker CRN on the ASX.
Coronado executives said they were “very pleased” with the result, which was the largest metals and mining IPO since 2004 and the largest ASX coal float in history. The company said the offer was oversubscribed and delivered Coronado with a diverse shareholder base.
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