The primary placement of Zijin Gold shares (2259) took place on the Hong Kong Exchange, HKEX. The company attracted almost 25 billion Hong Kong dollars (3.2 billion) during the IPO. The IPO of the Chinese gold miner became the largest in the world in 2025 after the placement of the battery manufacturer for electric vehicles in May for 5.3 billion.
Zijin Gold placed about 349 million shares at the price of 71.59 Hong Kong Kong Kong Kong. The funds raised will send to the closure of the transaction on the acquisition of a gold mine in Kazakhstan, as well as for the modernization and construction of existing mines. Zijin Gold can become one of the most successful companies based on the results of the first day of trading in Hong Kong over the past ten years.
Demand from private investors on the IPO Zijin Gold exceeded the proposal by 241 times, and from the side of institutional - by 20.4 times. The gold mining company entered the market in a favorable period to attract funds - gold prices continue to update historical maximums. This year, precious metal prices rose by more than 40% against the background of global political uncertainty and reducing interest rates around the world.
