Mexican company SINDA goes public on the NYSE

The New York Stock Exchange (NYSE)—the world’s largest stock exchange—welcomed the Mexican company SINDA, which is dedicated to the exploration and development of silver deposits and has mining projects in Mexico.

The company has estimated mineral resources of 369 million ounces of silver equivalent and indicated mineral resources of 16 million ounces of silver equivalent. SINDA went public on the NYSE through an initial public offering (IPO) that raised US$213 million, funds that will be used primarily to develop its silver and gold project in Guanajuato.

The NYSE noted that SINDA is the 14th Mexican company to list in the United States; it is worth noting that companies such as Betterware de Mexico, Aeromexico, and Tiendas BBB have recently listed there as well.

Trading under the ticker symbol “SIND,” SINDA’s shares began trading at a price of US$12 per share.