Sunshine Silver Raises $270 Million in US IPO (Correct)

Sunshine Silver Mining & Refining Co. raised $270 million in a US initial public offering that priced at the low end of the marketed range, with the funds expected to be used for restarting production at an Idaho mine.

The mine owner sold 20 million shares at $13.50 each, according to a filing with the US Securities and Exchange Commission on Wednesday. Sunshine Silver had marketed the shares for $13.50 to $16.50 each.

At the IPO price, the company has a market value of $1.9 billion based on the outstanding shares listed in its filings. Underwriters have a 30-day option ...