Sinda Ltd.

Sinda Ltd. (SIND) priced its initial public offering on Jun 29, 2026 at $12.00 per share, within its $11.25–$13.25 range, raising $213M, and listed on NYSE. At the IPO price its market capitalization was about $1.79B. Morgan Stanley was lead-left underwriter, joined by Scotiabank, BMO Capital Markets and Canaccord Genuity and others. Skadden, Arps advised the company and Cleary Gottlieb advised the underwriters.

Sinda Ltd. is a silver exploration company that has not yet generated revenue and has a history of net losses. It is a holding company operating through subsidiaries, with Electrum retaining substantial control after the IPO.

Status

IPO

Ticker

SIND

Exchange

NYSE

Priced

Jun 29, 2026

IPO price

$12.00

Price range

$11.25–$13.25

Raised

$213M

Market cap at IPO price

$1.79B

First filed

Jun 5, 2026

Underwriters

Morgan Stanley, Scotiabank, BMO Capital Markets, Canaccord Genuity, Citigroup and RBC Capital Markets

Company counsel

Skadden, Arps

Underwriters' counsel

Cleary Gottlieb

Sector

Energy, mining & utilities

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