Jupiter formally launches $200M comeback

MANGANESE producer Jupiter Mines is pushing ahead with a A$200 million relisting on the ASX.

Jupiter formally launches $200M comeback Jupiter formally launches $200M comeback Jupiter formally launches $200M comeback Jupiter formally launches $200M comeback Jupiter formally launches $200M comeback

Hartleys is lead manager to the initial public offering, with Foster Stockbroking and Aitken Murray Capital Partners as co-managers.

Jupiter delisted from the ASX in early 2014 due to illiquidity, due to nearly 90% of the company being held by Pallinghurst Resources, and what the company believed was a low valuation at the time.

The IPO is offering 500 million shares at 40c per share to raise a minimum $200 million.

The company will not receive any proceeds as the IPO shares are being sold by existing shareholders.

The IPO is only open to sophisticated investors, with the company keen to broaden its shareholder base.

According to a term sheet, Jupi...