Gatos Silver, Inc.

Gatos Silver, Inc. (GATO) priced its initial public offering on Oct 29, 2020 at $7.00 per share, within its $7.00–$9.00 range, raising $150M, and listed on NYSE. At the IPO price its market capitalization was about $391.8M. BMO Capital Markets was lead-left underwriter, joined by Goldman Sachs, RBC Capital Markets and Canaccord Genuity and others. Davis Polk and Fasken advised the company and Skadden, Arps and Stikeman Elliott advised the underwriters.

Gatos Silver, Inc. is a U.S.-based precious metals production, development and exploration company focused on the Cerro Los Gatos Mine, a 2,500 tonne-per-day polymetallic mine and processing facility in the Los Gatos District of Chihuahua, Mexico, which began production on September 1, 2019.

Status

IPO

Ticker

GATO

Exchange

NYSE

Priced

Oct 29, 2020

IPO price

$7.00

Price range

$7.00–$9.00

Raised

$150M

Market cap at IPO price

$391.8M

First filed

Jul 7, 2011

Underwriters

BMO Capital Markets, Goldman Sachs, RBC Capital Markets, Canaccord Genuity and CIBC

Company counsel

Davis Polk and Fasken

Underwriters' counsel

Skadden, Arps and Stikeman Elliott

Sector

Energy, mining & utilities

Country / state

British Columbia, Canada

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.