Sinda completes $213 million NYSE IPO to support Mexican silver projects (SIND)
Key takeaways
- The company sold 17,750,000 common shares at a public offering price of $12.00 each.
- Morgan Stanley, Scotiabank and BMO Capital Markets acted as joint lead book-running managers for the transaction, while Canaccord Genuity, Citigroup and RBC Capital Markets served as joint bookrunners.
- According to the company, its Mexican mining portfolio contains an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources.
Sinda completes $213 million NYSE IPO to support Mexican silver projects (SIND) Fiona Craig Tue, June 30, 2026 at 6:09 PM GMT+7 1 min read SI=F Diggers in mine at sunset ©Shutterstock Silver explorer begins trading on the NYSE Sinda Ltd. (NYSE:SIND), a silver exploration and development company focused on Mexico, has completed its initial public offering, raising approximately $213 million in gross proceeds before underwriting discounts, commissions and other offering-related expenses.
The company sold 17,750,000 common shares at a public offering price of $12.00 each. Its shares began trading on the New York Stock Exchange on June 26, 2026.
Morgan Stanley, Scotiabank and BMO Capital Markets acted as joint lead book-running managers for the transaction, while Canaccord Genuity, Citigroup and RBC Capital Markets served as joint bookrunners.