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Robert Friedland
Robert Friedland
(Rafal Gerszak/Globe and Mail)

Ivanplats to raise $300-million at $4.75 a share

Ivanplats Ltd. is pricing its initial public offering Monday night to raise at least $300-million at $4.75 a share, according to people familiar with the deal.

The miner is a venture of entrepreneur Robert Friedland, and is set to be one of the biggest growth-company IPOs on the Toronto Stock Exchange this fall. The performance of the deal is likely to be an acid test for the health of the market for risky mining ventures.