Aura Minerals Announces $196.5M US IPO at $24.25 per Share.

Aura Minerals Inc. has priced its US initial public offering of 8.1 million common shares at $24.25 per share. The offering aims to transfer Aura's principal listing venue to a US stock exchange, increasing liquidity and strengthening its shareholder base. Net proceeds will fund the acquisition of Mineração Serra Grande S.A. and support strategic growth initiatives. The company's common shares will be listed on the Nasdaq Global Select Market under the ticker symbol "AUGO."

Aura Minerals Inc. (OTCQX:ORAAF) has priced its U.S. initial public offering (IPO) of 8.1 million common shares at $24.25 per share. The IPO aims to transfer Aura's principal listing venue to the Nasdaq Global Select Market, increasing liquidity and strengthening its shareholder base. The proceeds from the offering will fund the acquisition of Mineração Serra Grande S.A. and support strategic growth initiatives. The company's common shares will be listed under the ticker symbol "AUGO" starting July 16, 2025 [1].

The IPO, which is expected to settle around July 17, 2025, will provide Aura with approximately $196.4 million before considering the additional shares that may be purchased through the underwriters' option. The underwriters, led by BofA Securities and Goldman Sachs, will have a 30-day option to purchase up to 1.215 million additional shares at the public offering price [2].

Aura's decision to list on the Nasdaq Global Select Market is strategic, as it aims to enhance trading volume and potentially improve share price discovery. The capital raise will serve multiple purposes, including funding the upfront cash component for the acquisition of Mineração Serra Grande (MSG), providing liquidity for advancing development projects like Era Dorada and Matupá, and supporting exploration initiatives to expand mineral reserves [2].

The gold sector has benefited from favorable macroeconomic dynamics, with spot gold prices surging 26.5% this year. Gold remains one of the optimal hedges for the unique combination of stagflation, recession, debasement, and U.S. policy risks, according to Natasha Kaneva, Head of Global Commodities Strategy at JPMorgan [1].

References:

[1] https://www.inkl.com/news/benzinga-s-top-pick-aura-minerals-eyes-210-million-us-listing

[2] https://www.stocktitan.net/news/ORAAF/aura-announces-pricing-of-u-s-initial-public-nj8h68gd14cx.html