Zij in Gold’s Hong Kong IPO: focused on a valuation of US $ 40 billion while the gold prices are rising.

Zij in Gold International, the offshore unit of the Chinese side -mining (OTC Pink: Zijmf, HKEX: 2899, SH: 601899), an IPO in Hong Kong is in line that could rise more than US $ 3 billion and a rating as high as US $ 40 billion.

According to sources that are familiar with the deal, Bookbuilding for stock sales on September 19, with prices are expected on 24 September and the trade is planned to make his debut on September 29.

She said in his Prospectus that the average annual gold production grew by 21.4 percent between 2022 and 2024, where it was placed with the fastest growing producers in the world.

The company was arranged last year as the world’s 11th largest gold miner worker and reached an output of 1.5 million ounces and proven and likely reserves of 26.1 million ounces, according to data from Frost & Sullivan.

“We are one of the fastest growing companies in the global gold mining industry”, the company said. “From 2007 we have expanded our company with the acquisition of the Tadjikistan Jilau/Taror Gold Mines through global acquisitions, operational improvement and production extension of various large gold mines.”

In recent months, Spot -Gold Prizes in the vicinity of historical highlights, eliminated by purchases from the central bank, the investor’s coverage against inflation and expectations of interest rates in the US.

Gold became US $ 3,680 per ounce short on Monday (September 15), with Bullish investors predicting that the US $ 3,800 could reach by the end of the year. Investment company Goldman Sachs projected prices far above US $ 4,000 at mid -2026.

The question from investors for gold -supported assets has reflected the metal meeting. Physically supported golden exchange -bound funds saw US $ 5.5 billion in inflow in August, which extended their line to three months, the World Gold Council (WGC) reported on September 5.

Year-to-date inflow of US $ 47 billion also arranges as the second strongest on record, after the 2020 rise.

Founded in 2007 and recorded in Hong Kong, she supervises all the offshore gold assets of his parents, who considest mines overstrain in Central -Asia, South America, Africa and Oceania.

Important projects include activities in Tajikistan, Kyrgyzstan, Australia, Guyana, Colombia, Suriname, Ghana and Papua -NEW -Guinea.

The unit reported a turnover of US $ 2.99 billion in 2024, an increase of 32 percent on an annual basis, with a net profit more than doubled to US $ 481.37 million.

The spin-off is designed to unlock the value of Zijin’s offshore gold portfolio and to offer capital for further expansion. In earlier archives, the company said that proceeds would finance the acquisition of the Raygorodok -my in Kazakhstan, as well as upgrades and new construction in existing activities.

In the meantime, the parent company is Zij in Mining Dual Listed in Hong Kong and Shanghai and has set the goal of producing 100 to 110 tons of gold annually by 2028.

The company has already adopted its mention about the Hong Kong exchange, according to the registrations, and Morgan Stanley and CITIC Securities appointed as joint sponsors for the transaction.

If the IPO is successful, this marks the second largest IPO in Hong Kong for 2025. The first was Contemporary Amperex Technology (Catl) (SZSE: 300750, HKEX: 3750) May IPO that yielded US $ 5.3 billion for the battery giant.