Metals Acquisition’s IPO listing raises $325m

Metals Acquisition has raised $325m through their recent IPO listing on the ASX, the largest in Australia since July 2023. 

The IPO will assist Metals Acquisition to pay for their recent purchase of the CSA copper mine located approximately 700 km northwest of Sydney and to provide working capital to develop the mine and fund further exploration. 

The BDO Corporate Finance team in Perth, led by Sherif Andrawes, Byron Watson and Adam Myers acted as the investigating accountant for this IPO. 

Metals Acquisition will now set its short to medium-term focus on M&A markets, using the CSA copper mine as the basis for future inorganic growth.