Aura Minerals (TSX: ORA) (NASDAQ: AUGO) had a mixed US listing debut on Wednesday, with the stock trading within a close range of $23.50 and $24.80 on the NASDAQ, having opened the session at $24.50.
Earlier this month, the Florida-headquartered copper-gold miner announced plans for an initial public offering in the US. Its SEC filing shows that the company was looking to sell 8.1 million shares. On Tuesday, July 15, it priced the IPO at $24.25 a share, for a capital raise of $196 million.
Towards Wednesday’s close, Aura’s stock traded at $23.96 a share, with an estimated market capitalization of $1.8 billion.
Meanwhile, its Toronto-listed shares fell 7.5% lower to about C$32.80, for a C$2.4 billion market capitalization. Despite this drop, the company’s share value in Canada has nearly doubled this year, owing to elevated gold prices.
Enhanced liquidity
Apart from diversifying its…
