SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Zijin Gold International, a wholly owned subsidiary of China’s Zijin Mining, is set to launch Hong Kong’s largest initial public offering (IPO) of 2025. According to its prospectus, the gold miner aims to raise HK$24.98 billion ($3.21 billion) by selling 349 million shares at HK$71.59 each, giving the company an estimated market value of $24.1 billion. Trading is scheduled to begin on September 29.
The offering comes amid a global rally in gold prices, which have surged nearly 39% this year as investors seek safe-haven assets during economic uncertainty and low interest rate conditions. Zijin Gold, which manages all of Zijin Mining’s overseas gold operations, plans to use the funds over the next five years for mine upgrades, construction projects, and capacity expansion to strengthen production capabilities.
This IPO will surpass Chinese automaker Chery’s recent $1.2 billion share sale, making it the biggest listing in Hong Kong this year. It follows other major capital market deals in the city, including battery giant CATL’s $4.6 billion listing in May.
Strong cornerstone investor support highlights confidence in the deal. Singapore sovereign wealth fund GIC and private equity group Hillhouse each committed $150 million, while global asset managers BlackRock and Schroders subscribed for $120 million apiece. In total, cornerstone investors secured around $1.6 billion worth of shares.
Morgan Stanley and CITIC Securities are acting as joint sponsors for the offering. Zijin Mining stated that the spin-off and independent listing of Zijin Gold International will broaden financing channels and improve efficiency, positioning the company for long-term growth in the global gold sector.
