Ivanhoe Electric Inc.

Ivanhoe Electric Inc. (IE) priced its initial public offering on Jun 29, 2022 at $11.75 per share, within its $11.75–$12.50 range, and listed on NYSE American. At the IPO price its market capitalization was about $1.09B. BMO Capital Markets was lead-left underwriter, joined by Jefferies, J.P. Morgan and Raymond James and others. Reed Smith and Stikeman Elliott advised the company and Paul, Weiss and Bennett Jones advised the underwriters.

Ivanhoe Electric Inc. is a United States-domiciled minerals exploration and development company. It focuses on developing mines from deposits mainly in the United States to supply critical metals for electrification and support American supply chain independence.

Status

IPO

Ticker

IE

Exchange

NYSE American

Priced

Jun 29, 2022

IPO price

$11.75

Price range

$11.75–$12.50

Market cap at IPO price

$1.09B

First filed

May 24, 2022

Underwriters

BMO Capital Markets, Jefferies, J.P. Morgan, Raymond James, RBC Capital Markets and Scotiabank

Company counsel

Reed Smith and Stikeman Elliott

Underwriters' counsel

Paul, Weiss and Bennett Jones

Sector

Energy, mining & utilities

Country / state

AZ

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