Gold miner Aura Minerals makes muted Nasdaq debut after $196 million IPO

Aura Minerals

16/07/2025 17:53

Updates

** Shares of gold miner Aura Minerals AUGO.O rise 0.2% to $24.29 in their Nasdaq debut on Wednesday

    ** Stock opens at $24.50 vs $24.25 IPO price, valuing the British Virgin Islands-based firm at $2 billion

** AUGO raises $196.4 million by selling 8.1 million shares in its U.S. IPO

** IPO comes as AUGO looks to transfer its principal listing venue to the U.S. in an attempt to increase the liquidity of its shares and diversify its shareholder base

** AUGO is already on the Toronto Stock Exchange and the Brazilian Stock Exchange

** BofA Securities and Goldman Sachs were the global coordinators for the offering

** Proceeds will be used to fund acquisition of Mineração Serra Grande mine, support growth initiatives, and other purposes

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))