China’s Zijin Plans $3 Billion Gold IPO, Biggest Since CATL (1)

Zijin Mining Group Co.’s public spin-off of its international gold business could fetch more than $3 billion, according to people familiar with the matter, putting the planned Hong Kong listing on course to be the world’s second-biggest this year.

The value and timing of Zijin Gold International Co.’s initial public offering could still change as deliberations are ongoing, the people said, asking not to be identified discussing a private matter. The listing could come as soon as this month and investor interest in the offering has been exceptionally strong at a time of record-high prices for the precious ...