* London IPO pipeline at strongest since global crisis – LSE
* IPOs seen in 2012 include Ivanplats, Ferrous Resources,
Grupo Mexico unit – sources
By Clara Ferreira-Marques and Kylie MacLellan
LONDON, March 19 (Reuters) – The mining sector could bring a
flurry of IPOs to London and elsewhere in the second half of
2012 after several lean years for investors and bankers, as
miners eye deals or seek to raise funds for increasingly costly
projects.
The IPO waiting list is building for all sectors, banking
and industry sources say, and from large to small caps, after
many were shelved in the turbulence of the last few years.
London in particular has a pipeline that is at its strongest
since the global crisis, according to the London Stock Exchange.
Some of the more eye-catching listings may come from the
mining sector, with billionaire Robert Friedland set to lead the
charge with Ivanplats, a listing that could raise as much as $1
billion and value the mining and exploration company at around
$5 billion, according to sources familiar with the matter.
It would be the first major test of market appetite for
mining stocks since trader Glencore listed last year.
“There has been a famine and there is a glut of things to
come,” said one of the sources involved in the listing.
Continued…
