Nexa Resources S.A. Prices IPO at $18.00-$21.00 Per Share (NEXA)
In the last twelve months, Nexa Resources S.A. generated $2.1 billion in revenue and $31.4 million in net income. The company has a market cap of $2.6 billion.
J.P. Morgan, BMO Capital Markets, Morgan Stanley and Credit Suisse acted as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Scotiabank, Bradesco BBI, Credicorp Capital, ABN AMRO, Banco do Brasil Securities, Macquarie Capital, MUFG, National Bank of Canada Financial Markets and RBC Capital Markets were co-managers.
Nexa Resources S.A. provided the following description of their company for its IPO: “We are a large-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining assets in Latin America. We operate and own five long-life underground mines, three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil. Our operations are large-scale, modern, mechanized underground and open pit mines. Two of our mines, Cerro Lindo in Peru and Vazante in Brazil, are among the 12 largest zinc mines in the world, and, combined with our other mining operations, place us among the top five producers of mined zinc globally in 2016, according to Wood Mackenzie. In addition to zinc, which accounted for 64.0% of our mined metal production in 2016 measured on a zinc equivalent basis, we produce substantial amounts of copper, lead, silver and gold as byproducts, which reduce our overall cost to produce mined zinc. According to Wood Mackenzie in 2016, on a standalone basis, the overall Cash Cost C1 of our mining operations was in the second quartile of the global cost curve for mined zinc. “.
Nexa Resources S.A. was founded in 1938 and has 5387 employees. The company is located at 26-28 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and can be reached via phone at +352 26 00 53 43. or on the web at http://www.nexaresources.com.
Receive News & Ratings for Nexa Resources S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources S.A. and related companies with MarketBeat.com's FREE daily email newsletter.