philippine-nickel-miner-seeks-toronto-listing

Philippine nickel miner seeks Toronto listing

With the global nickel supply shortage to continue for another two years, Nickel Asia picks an opportune time to go public.
Investors looking to add to their commodities exposure in Asia will have a chance to do so when Nickel Asia brings the roadshow for its up to $180 million initial public offering to Asia today.

The company, which focuses solely on nickel, is a rare animal in the sense that it has all of its assets in the Philippines but will be listing on the Toronto stock exchange, which is already home to international peers like Inco and LionOre.

The timing of the listing is well chosen as it coincides with a global supply shortage of nickel, which has led to the spot price rising sharply above both historical levels and market projections. Nickel...
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