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Jupiter increases IPO target

Buoyed by recent high manganese prices, Jupiter Mines has lifted the target for its initial public offering to A$240 million (US$185 million).

Jupiter increases IPO target Jupiter increases IPO target Jupiter increases IPO target Jupiter increases IPO target Jupiter increases IPO target

Jupiter owns 49.9% of the operating Tshipi manganese mine in South Africa

The company lodged the prospectus for its ASX comeback, lifting the size of its initial public offering by $40 million.
 
The IPO is offering up to 600 million shares at $0.