Companhia Siderúrgica Nacional (BOVESPA:CSNA3) has reportedly set the launch of the initial public offering (IPO) for its CSN Mineração S.A., mining subsidiary for 18 January 2021, with shares to be priced on 8 February 2021. The company had planned for the IPO to take place in December 2020 but decided to postpone it. High iron ore prices are expected to drive the demand for the IPO, which is set to generate more than BRL 8 billion (1.28 billion, $1.57 billion), of which BR 7 billion will go to the cash flow of CSN from the sale of its minority share in the subsidiary.
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5-day change | 1st Jan Change | ||
5.5 BRL | +5.77% | +7.63% | -29.76% |
May. 10 | Transcript : CSN Mineração S.A., Q1 2024 Earnings Call, May 10, 2024 | |
May. 09 | CSN Mineração S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
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-29.76% | 5.4B | |
-16.23% | 53.4B | |
-10.72% | 53.23B | |
+22.26% | 8.96B | |
-2.36% | 5.83B | |
+18.77% | 2.13B | |
+10.47% | 2.03B | |
-7.31% | 1.72B | |
+16.49% | 1.71B | |
-17.09% | 1.51B |
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