Greenland-focused gold exploration and mining company AEX Gold will list on the London Stock Exchange’s small company sub-market, AIM, on Friday, in London’s biggest initial public offering since February.
The firm on Monday said it had raised 42.5-million pounds through a placing of 94 444 445 shares, representing 53.3% of the company’s share capital.
At a starting price of 45p a share, AEX Gold’s market capitalisation will be 79.7-million pounds. It will trade under the code AEXG.