Market conditions changing, Vedanta's spinoff copper mining company CopperTech Metals (CUX.US) postpones $400 million IPO.

Zhichuan Finance APP learned that on Tuesday, CopperTech Metals (CUX.US), which was spun off from Vedanta and mainly operates copper mining business in Zambia, postponed its initial public offering (IPO) citing market conditions. Previously, the company had applied to raise $400 million by issuing 23.5 million shares at a price range of $16 to $18 per share.