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Aura Minerals Inc. made its debut on the Nasdaq Global Select Market on Tuesday, opening at $24.50 per share, slightly above its IPO price of $24.25. The gold and copper producer is now trading under the ticker symbol NASDAQ: AUGO.
The U.S. IPO involved 8,100,510 common shares, priced on Monday at $24.25 each. The offering marks Aura’s move to shift its primary listing to a U.S. exchange. The company believes the transition will enhance liquidity and broaden its shareholder base by offering improved access to global capital markets.
Proceeds from the IPO will be directed toward several strategic objectives. A portion will fund the upfront cash payment for the acquisition of Mineração Serra Grande S.A., along with any associated capital expenditures. Additional funds will support the advancement of development projects such as Era Dorada and Matupá, and contribute to exploration efforts aimed at growing mineral reserves. Remaining proceeds will be allocated for general corporate purposes.
Aura has also granted underwriters a 30-day option to purchase up to 1,215,077 additional shares at the IPO price, excluding fees and discounts.
BofA Securities and Goldman Sachs & Co. LLC are leading the offering as Global Coordinators, joined by BTG Pactual and Itaú BBA as Joint Bookrunners. Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets, and Scotiabank are acting as Co-Managers.
Alongside its new Nasdaq listing, Aura remains publicly traded on the Toronto Stock Exchange (TSX: ORA), Brazil’s B3 exchange (AURA33), and the OTCQX (ORAAF).