Offer and listing
Sinda Ltd. (ticker: SIND) has closed its initial public offering, issuing 17,750,000 common shares at $12.00 per share and producing approximately $213 million in gross proceeds prior to the deduction of underwriting discounts, commissions, and other offering-related expenses. The company’s shares commenced trading on the New York Stock Exchange on June 26, 2026.
Underwriters
The deal was led by Morgan Stanley, Scotiabank and BMO Capital Markets as joint lead book-running managers. Canaccord Genuity, Citigroup and RBC Capital Markets participated as joint bookrunners.
Mineral resources and exploration scope
According to the company’s disclosures, Sinda’s Mexican mineral portfolio includes estimated Inferred Mineral Resources totaling 369 million silver-equivalent ounces and Indicated Mineral Resources of 16 million silver-equivalent ounces. In addition to those classified resources, Sinda reported exploration targets in the range of 452 million to 484 million silver-equivalent ounces.
Regulatory filings
The Securities and Exchange Commission declared Sinda’s registration statement effective on June 25, 2026. A prospectus has been filed with the SEC and is available on the agency’s website, as noted in the company’s release.
Context and next steps
The transaction establishes Sinda as a publicly listed silver exploration and development company on the NYSE. The stated gross proceeds are reported before customary deductions for underwriting and other offering costs.
Data availability
Details on the offering size, price per share, underwriter syndicate, resource estimates and timing of the SEC declaration are drawn from the company release and the registration materials filed with the Securities and Exchange Commission.
Note - The figures cited for mineral resources and exploration targets are presented in silver-equivalent ounces as reported by the company.