Nov 10 (Reuters) – Canada’s Barrick Mining on Tuesday filed for the initial public offering of its North America business in New York, in what is seen as one of the most anticipated public offerings among gold miners in recent years.
American Barrick Gold will be listed on the New York Stock Exchange under the symbol ABGC, according to filings with the US Securities and Exchange Commission.
Goldman Sachs, Bank of America Securities and RBC Capital Markets are underwriters of the IPO, the filings said.
Mark Hill, who will be the CEO of American Barrick Gold, said on Monday that the IPO would be launched by early next year.
Barrick Mining, which is listed on the Toronto Stock Exchange, currently holds the company’s assets in North America as well as in Africa, Latin America and the Asia-Pacific. Under the proposed separation, Barrick Mining will own a majority of American Barrick Gold’s common stock after the IPO.
Reuters first reported last November that Barrick was considering splitting its business after its former CEO Mark Bristow left the company.
(Reporting by Pritam Biswas in Bengaluru and Divya Rajagopal in Toronto; Editing by Jamie Freed)
