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China's Lygend aims for $600 million IPO

Nickel trading giant Lygend Resources is aiming to raise as much as HK$4.6 billion (US$594 million) through an initial public offering in Hong Kong, with about 56.4% of the proceeds to be used towards the company’s HPAL project in Indonesia.

China's Lygend aims for $600 million IPO China's Lygend aims for $600 million IPO China's Lygend aims for $600 million IPO China's Lygend aims for $600 million IPO China's Lygend aims for $600 million IPO

Shares in Lygend are scheduled to begin trading on the Hong Kong Stock Exchange on 1 December.

The Chine-based company plans to offer 232.5 million shares ranging from HK$15.60 to HK$19.96 each.

About 24% of the net proceeds, or HK$951.

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