Gold miner Aura Minerals makes muted Nasdaq debut after $196 million IPO
ReutersJul 16, 2025 4:53 PM
Shares of gold miner Aura Minerals AUGO.O rise 0.2% to $24.29 in their Nasdaq debut on Wednesday
Stock opens at $24.50 vs $24.25 IPO price, valuing the British Virgin Islands-based firm at $2 billion
AUGO raises $196.4 million by selling 8.1 million shares in its U.S. IPO
IPO comes as AUGO looks to transfer its principal listing venue to the U.S. in an attempt to increase the liquidity of its shares and diversify its shareholder base
AUGO is already on the Toronto Stock Exchange and the Brazilian Stock Exchange
BofA Securities and Goldman Sachs were the global coordinators for the offering
Proceeds will be used to fund acquisition of Mineração Serra Grande mine, support growth initiatives, and other purposes
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