Mining company, Ivanhoe Nickel & Platinum (Ivanplats), is planning to raise between $750 million and $1 billion in an initial public offering (IPO), The Wall Street Journal reports. The shares may be listed on the Toronto Stock Exchange or the London Stock Exchange. Citigroup, Morgan Stanley, BMO Capital Markets and UBS are interested in underwriting the offering. Ivanhoe Mines CEO, Robert Friedland, holds a majority stake of 30% in Ivanplats, while the remaining stake is held by institutional investors.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.