Resourcehouse To Raise $3.6B Via IPO

Brisbane-based Resourcehouse is seeking to raise around $3.6 billion in a Hong Kong IPO, The Wall Street Journal reports. The mining company aims to sell a minimum of 5.71 billion shares.

The sale proceeds will be used to fund a thermal-coal project and an iron-ore project in Australia. The offering is being sponsored by BOC International, while HSBC, Royal Bank of Scotland and UBS are the joint book-runners for the sale.

Click here for the story from The Wall Street Journal.

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