Sinda Ltd., a company focused on silver exploration and development, has set the price for its initial public offering at $12.00 per share for a total of 17,750,000 shares of common stock, the company said in a press release.
The underwriting group has been granted a 30-day option to acquire an additional 2,662,500 shares at the same IPO price, less underwriting discounts and commissions.
According to the company, Sinda’s common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol SIND on June 26, 2026. The offering is anticipated to close on June 29, 2026, subject to customary closing conditions.
The syndicate for the offering is led by Morgan Stanley, Scotiabank, and BMO Capital Markets as joint lead book-running managers. Canaccord Genuity, Citigroup, and RBC Capital Markets are listed as joint bookrunners.
In its disclosure, Sinda reports mineral project holdings in Mexico with estimated resources presented as 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources. The company also identifies incremental exploration targets in the range of 452 to 484 million silver-equivalent ounces.
The registration statement for the offering was declared effective by the U.S. Securities and Exchange Commission on June 25, 2026.
Context and near-term timeline
The IPO timetable provided by the company sets public trading for June 26, 2026, and an expected closing date of June 29, 2026, contingent on the usual closing conditions noted in the offering documents. The underwriting group has a 30-day option to purchase additional shares following the offering.
Investor-facing materials
The company’s disclosure emphasizes measured resource estimates, with classifications into Inferred and Indicated Mineral Resources and a statement of incremental exploration targets. These figures are presented in silver-equivalent ounces.
Promotional and analytic note included with the filing
The filing materials include an investment-evaluation prompt describing an AI-based strategy tool that reviews SIND across multiple financial metrics. That description indicates the tool analyzes fundamentals, momentum, and valuation and cites past stock examples as illustrative outcomes. The filing materials state the AI evaluates opportunities on a monthly basis.
Bottom line
Sinda’s IPO is priced at $12.00 per share for 17,750,000 common shares, with an underwriter option for up to 2,662,500 additional shares. The SEC declared the registration effective on June 25, 2026, and the company expects trading to start on the NYSE under the symbol SIND on June 26, 2026, with the offering expected to close on June 29, 2026, subject to customary closing conditions.