Zijin Gold delays US$3.2 billion Hong Kong listing as Super Typhoon Ragasa hits

The offering is one of Hong Kong’s largest this year, drawing heavy retail and institutional interest before the storm forced the exchange and intermediaries to shift timelines. According to deal terms, the company is selling several hundred million shares at a price that implies proceeds of around US$3.2 billion, providing fresh capital for overseas gold operations under parent Zijin Mining. Extending bookbuilding gives investors and underwriters latitude to manage allocations and payment flows after transport and office closures.

Operationally, the one-day slip is a reminder of the moving parts behind major listings: settlement windows, bank funding cut-offs, registrar processes and exchange scheduling must all line up. In this case, typhoon signal warnings curtailed normal activity across the city, prompting issuers and banks to activate contingency planning that staggers deadlines without disrupting market integrity. With listing now targeted for the next trading day after the original timetable, the IPO remains sized to anchor Hong Kong’s late-year deal calendar.

For investors, the fundamentals have not changed. Zijin Gold offers direct exposure to a portfolio of producing and development-stage gold assets outside mainland China, a profile that can diversify risk within broader commodity allocations. Near-term trading will reflect both gold-price dynamics and the strength of the order book after the storm delay. If pricing holds and debut liquidity is solid, the episode will register as a logistical footnote in an otherwise high-profile placement.