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Zijin Gold IPO Valuation Analysis
1.2k Views12 Sep 2025 06:34
Our base case valuation of Zijin Gold suggests implied market cap of US$42.9 billion. Our EV/EBITDA valuation multiple of 14.3x is based on a 50% premium to the comps' valuation multiple.
What is covered in the Full Insight:
- Introduction to Zijin Gold
- Valuation and Financial Projections
- Zijin Gold's Income Statement Estimates
- Comparison with Competitors
- Zijin Gold’s Strategic Initiatives
Boomeranged on Fri, 19 Sep 2025 23:09
Zijin Gold announced it is seeking to raise HK$24.98bn through an IPO in HK. The company is offering 349 million shares at HK$71.59 each. IPO will start trading on 29 September. At this price, Zijin Gold's implied market cap will be US24.1 billion. We remain Positive on this IPO. It appears bankers priced this IPO at a reasonable valuation and we expect a solid upside once it starts trading.
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Full Insight
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- Zijin Gold: Less Attractive Relative Valuation Post Share Price Surge15 Oct 2025
- Guangdong CHJ Industry Files Preliminary IPO Prospectus in Hong Kong08 Oct 2025
- Trading Strategy of Zijin Gold on the First Day of IPO26 Sep 2025
- Zijin Gold Pre-IPO: Peer Comparison11 Sep 2025
- Zijin Gold IPO Preview09 Sep 2025
- Zijin Gold International – Creating a Global Pure-Play Gold Champion09 Sep 2025
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