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Aura Minerals Prices US IPO at $24.25 as Shares Begin Nasdaq Trading

By transitioning its main listing to Nasdaq, Aura seeks to boost share liquidity to cover its Mineração Serra Grande acquisition as well as future growth initiatives

A logo is displayed at the Nasdaq stock market site in New York City, U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo
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Overview

  • Aura Minerals priced 8.1 million common shares at US$24.25 each for a US IPO that began trading on July 16 under the ticker AUGO on the Nasdaq Global Select Market.
  • Proceeds will fund a US$76 million cash payment for AngloGold Ashanti’s stake in the Mineração Serra Grande mine and reinforce Aura’s financial flexibility.
  • Additional funds are earmarked to advance the Era Dorada and Matupá development projects, expand exploration to grow reserves and support corporate activities.
  • BofA Securities and Goldman Sachs served as global coordinators, with BTG Pactual and Itaú BBA as joint bookrunners alongside Bradesco BBI, National Bank of Canada, RBC Capital Markets and Scotiabank as co-managers.
  • Underwriters hold a 30-day overallotment option to acquire up to 1,215,077 additional shares at the IPO price to satisfy potential excess demand.