Sinda Ltd. prices IPO at $12 per share on NYSE

Sinda Ltd., a silver exploration and development company, has priced its initial public offering of 17,750,000 shares of common stock at $12.00 per share, according to a company press release.

The company has granted underwriters a 30-day option to purchase an additional 2,662,500 shares at the IPO price, less underwriting discounts and commissions.

Sinda's common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol NYSE: SIND on June 26, 2026, with the offering expected to close on June 29, 2026, subject to customary closing conditions.

Morgan Stanley, Scotiabank, and BMO Capital Markets are acting as joint lead book-running managers for the offering. Canaccord Genuity, Citigroup, and RBC Capital Markets are acting as joint bookrunners.

Sinda holds mineral projects in Mexico with an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources. The company also reports incremental exploration targets of 452 to 484 million silver-equivalent ounces.

The U.S. Securities and Exchange Commission declared the registration statement effective on June 25, 2026.

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