Mongolia is seeking to launch an initial public offering (IPO) of Erdenes Tavan Tolgoi in three cities, The Wall Street Journal reports. The government plans to sell shares worth between $2 billion and $3 billion. The shares will be simultaneously listed in London, Hong Kong and Ulaanbaatar, adds Bloomberg. The company appointed BNP Paribas, Deutsche Bank, Goldman Sachs and Macquarie Group to manage the transaction.

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