Mongolia Coal IPO Value May Be $15 Billion, Times Says
State-owned Mongolian coking-coal miner Tavan Tolgoi is considering an initial share sale that may value the company at 10 billion pounds ($15.4 billion), the Sunday Times reported, without saying where it got the information.
The company, which owns the world’s biggest deposit of coking coal, is planning to list 15 percent of its shares on the London Stock Exchange, while also offering stocks in Hong Kong and Ulan Bator, the capital of Mongolia, the newspaper reported today.
Mongolia’s Prime Minister Sukhbaatar Batbold aims to conclude the three-way listing by March, according to the newspaper.
To contact the reporter on this story: Sabine Pirone in London at spirone@bloomberg.net
To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net
The company, which owns the world’s biggest deposit of coking coal, is planning to list 15 percent of its shares on the London Stock Exchange, while also offering stocks in Hong Kong and Ulan Bator, the capital of Mongolia, the newspaper reported today.
Mongolia’s Prime Minister Sukhbaatar Batbold aims to conclude the three-way listing by March, according to the newspaper.
To contact the reporter on this story: Sabine Pirone in London at spirone@bloomberg.net
To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net
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