With the glow of a flurry of floats this year – from Virgin Australia to Greatland Resources – well and truly fading, Robert Friedland’s Ivanhoe Atlantic is shaping up as the next big thing heading for the ASX.
The American billionaire has made a motza for investors over the years, and Ivanhoe Atlantic could be no exception. The miner wants to raise about $300 million to fund the development of the Kon Kweni project in Guinea, creating a new source of high-grade iron ore.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
