SouthGobi Energy HongKong IPO: Review Analysis & Details: Finance Trading Times

SouthGobi Energy HongKong IPO: Review Analysis & Details

A coal mining company based in Canada is planning its IPO in the overseas HongKong Market. It is the SouthGobi Energy Resources Company which is planning to come out with its Initial Public Offering or IPO in HongKong.
In this article, we will look at the Review, Analysis and Details of the SouthGobi Energy HongKong IPO and try to do the Review and analysis of SouthGobi Energy HongKong IPO. SouthGobi Energy
Some basic details first about the SouthGobi Energy HongKong IPO, which are available as of now:

- The size of SouthGobi Energy HongKong IPO is expected to be around 400 million US Dollars.

- This will be an overseas IPO after the Toronto Canada listing

- Proceeds of IPO will be used for developing the coal assets in Mongolia

What is the issue size of the SouthGobi Energy HongKong IPO?
Around 400 million USD is the size of the IPO.

How will the capital raised by SouthGobi Energy HongKong IPO be used?
The Proceeds of IPO will be used for developing the coal assets in Mongolia around the Ovoot Tolgoi mine. Infrastructure enhancement and production capacity will be improved.

What is the price band of SouthGobi Energy HongKong IPO?
No info available about that.

How many shares will be sold in the SouthGobi Energy HongKong IPO?
As per the details, around 75 percent will be for institutional investors and firms, around 15 percent to Canada based investors and rest 10 percent to Hong Kong retail investors

What is the trading symbol & exchange for the SouthGobi Energy HongKong IPO
The trading symbol will be "1878" or 1878.HK.
Macquarie & Citigroup are the BRLM for the IPO.

What are the IPO dates for SouthGobi Energy HongKong IPO
The IPO for SouthGobi Energy HongKong will begin sometimes around 11th january 2010. The listing is planned on January 29th.

What are the analysts recommendations for this IPO?
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