BUZZ-Sunshine Silver Mining set for debut after $270 million IPO
Sunshine Silver Mining & Refining Company SSMR | 0.00 | |
First Majestic Silver Corp. AG | 0.00 |
** Sunshine Silver Mining & Refining SSMR.N set to make New York Stock Exchange debut later on Thursday after $270 million IPO
** Kellogg, Idaho-based SSMR sold 20 million shares at $13.50 apiece, the lower end of its marketed range of $13.50 and $16.50 per share
** SSMR is working on restarting a previously shuttered mine in Idaho's Silver Valley, one of the largest historic silver-producing regions in the U.S.
** Listing comes as silver demand is rising across solar, electrification, electronics and advanced technologies
** Morgan Stanley, Scotiabank and BMO Capital Markets acted as joint lead book-running managers for offering
