Ivanhoe Electric Completes $169 Million IPO

Paul, Weiss advised the underwriters, with BMO Capital Markets, Jefferies and J.P. Morgan as bookrunners, on Ivanhoe Electric Inc.’s $169 million initial public offering. Ivanhoe Electric is a U.S.-based minerals exploration and development company. The offering included 14,388,000 common stock shares priced at $11.75 per share. The shares began trading on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “IE.”

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Christian Kurtz; tax partner Patrick Karsnitz; and environmental counsel William O'Brien.