July 7 (Reuters) - Canadian gold and copper miner Aura
Minerals ( ORAAF ) is preparing to list its shares on the Nasdaq,
the company said on Monday, in a move that could fetch the
company a valuation of $2.14 billion.
The company is seeking to raise around $210 million, if it
were to price its public offering of common shares near their
July 4 closing price on the Toronto Stock Exchange.
Many foreign companies list in U.S. to secure higher
valuations and tap deeper capital markets.
Uncertainty around U.S. President Donald Trump's tariff
policies rattled investors and froze new listings, but sentiment
is shifting as new listings gain momentum.
Proceeds from Aura's U.S. offering will be used for
strengthening business, including incremental liquidity and
financial flexibility to support its strategic growth
initiatives.
Aura Minerals ( ORAAF ) plans to sell 8.1 million shares, and expects
to list on the Nasdaq under the symbol "AUGO".
Founded in 1946, the gold and copper mining company is
focused on project development and operations in the Americas.
BofA Securities and Goldman Sachs are serving as global
coordinators for the offering, while BTG Pactual and Itau BBA
are acting as joint bookrunners.