--- title: "The IPO Buzz: Sinda Ltd. (SIND) Prices IPO at $12 – Below Mid-Point – To Trade Today on the NYSE" type: "News" locale: "en" url: "https://longbridge.com/en/news/290985030.md" description: "Sinda Ltd. (SIND), an exploration-stage silver mining company in Mexico, priced its IPO at $12 per share, below the mid-point of its range. The company sold 17.75 million shares to raise $213 million and will begin trading on the NYSE on June 26, 2026. Led by Morgan Stanley and Scotiabank, the offering includes cornerstone investors like Franco-Nevada and Fresnillo. Sinda is currently unprofitable with no revenue." datetime: "2026-06-26T12:55:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290985030.md) - [en](https://longbridge.com/en/news/290985030.md) - [zh-HK](https://longbridge.com/zh-HK/news/290985030.md) generator: "portal-rs" --- # The IPO Buzz: Sinda Ltd. (SIND) Prices IPO at $12 – Below Mid-Point – To Trade Today on the NYSE **Sinda Ltd. (SIND), an exploration-stage silver mining company in Mexico, priced its IPO at $12.00 – below the mid-point and toward the low end of its $11.25-to-$13.25 price range – and sold 17.75 million shares – the number of shares in the prospectus – to raise $213 million on Thursday night, June 25, 2026.** **Sinda’s IPO pricing date was accelerated to Thursday night, June 25, from its original spot on next week’s large roster of deals set to price on Tuesday night, June 30th.** **Sinda’s stock is set to start trading today – Friday, June 26, 2026 – on the New York Stock Exchange.** **Morgan Stanley and Scotiabank led the joint book-running team, which included BMO Capital Markets, Canaccord Genuity, Citigroup and RBC Capital Markets.** **Sinda Ltd. is developing the Sinda Property in Mexico’s silver belt near San Miguel de Allende in Mexico’s state of Guanajuato, about 180 miles northwest of Mexico City.** **The company has “not yet created a mine plan or started production,” the prospectus said.** **Silver is in demand due to its use in the solar panel industry, electric vehicles (EVs), electronics, energy storage systems and AI-related infrastructure projects.** **The Electrum Group, a natural resources investment firm, will still own most of Sinda Limited’s stock after the IPO, according to the prospectus.** **Cornerstone investor Franco-Nevada, a gold royalty company, had indicated an interest in buying up to $10 million in stock in the IPO, according to the prospectus.** **Fresnillo, a leading silver producer, had indicated an interest in buying up to $110 million of Sinda’s stock in a concurrent private placement – and as a result, Fresnillo would own 5 percent of the company’s outstanding stock, the prospectus said.** **Sinda Ltd. is not profitable – and it does not have any revenue – typical for an exploration-stage mining company. For the 12 months that ended on March 31,2026, Sinda Ltd. reported a net loss of** **$27.72 million on no revenue, according to the prospectus.** **(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)** **Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.** **To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.** **Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.** ### Related Stocks - [FRES.UK](https://longbridge.com/en/quote/FRES.UK.md) - [FNV.US](https://longbridge.com/en/quote/FNV.US.md) - [BNS.US](https://longbridge.com/en/quote/BNS.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [BMO.US](https://longbridge.com/en/quote/BMO.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [RY.US](https://longbridge.com/en/quote/RY.US.md) - [FRES.US](https://longbridge.com/en/quote/FRES.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [FREHY.US](https://longbridge.com/en/quote/FREHY.US.md) ## Related News & Research - [Keefe, Bruyette & Woods Begins Coverage on Bank of Nova Scotia (NYSE:BNS)](https://longbridge.com/en/news/296628236.md) - [Is Morgan Stanley’s (MS) Steady Preferred Dividends Quietly Redefining Its Capital-Return Priorities?](https://longbridge.com/en/news/296658813.md) - [Fielder Capital Group LLC Takes $1.35 Million Position in Franco-Nevada Corporation $FNV](https://longbridge.com/en/news/296075126.md) - [Ticketplus Ltd. GAAP EPS of $0.21, revenue of $12.61M](https://longbridge.com/en/news/296401649.md) - [LIVE MARKETS-AI themes drive venture exits, leaving most unicorns on the sidelines, Morgan Stanley says](https://longbridge.com/en/news/296634295.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**