{"id":123752,"title":"Greatland Gold join the ASX 200 when it debuts on 24 June 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-06-16T10:06:56+00:00","modified":"2025-06-16T10:06:56+00:00","canonical_url":"https://www.share-talk.com/greatland-gold-join-the-asx-200-when-it-debuts-on-24-june-2025/","markdown_url":"https://www.share-talk.com/greatland-gold-join-the-asx-200-when-it-debuts-on-24-june-2025.md","json_url":"https://www.share-talk.com/greatland-gold-join-the-asx-200-when-it-debuts-on-24-june-2025.json","category":"ASX","categories":["ASX","Mining"],"tags":["Artemis Resources","ASX listing","Australia","Australian markets","AVR","Bromus","Cobalt","COPPER","electromagnetic","Ernest","ERNESTGILES","Exploration","Firetower","GGP","Gold","gold mining","Greatland Gold","GUN","Gunsynd","Havieron","investment opportunities","Mining","Newcrest","Nickel","Panorama","Paterson","Pilbara","precious metals","Scallywag","Share Talk","Shaun Day","Telfer","URANIUM","Warrentinna"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/GGP.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Greatland Gold** has priced its [Australian initial public offering](https://www.share-talk.com/greatland-golds-477m-asx-ipo-becoming-oversubscribed-as-gold-prices-soar/) at the **top of its range**, securing a valuation of approximately **$490 million**, as strong investor demand saw the deal **oversubscribed**.\n\nThe IPO was priced at **$6.60 per share**, the upper limit of the pre-set range of **$6.40 to $6.60**—equivalent to **15.3p to 15.78p** in sterling terms. The final pricing translates to a market cap of between **$477 million and $490 million**.\n\nAs part of the offering, **Newmont** will sell **66.7 million shares**, while a further **$50 million will be raised in new capital**. Newmont had previously received a combination of cash and equity from Greatland in exchange for the **Telfer gold mine**.\n\nThe listing will also see **Greatland Gold join the ASX 200** when it debuts on **24 June**, the same day as **Virgin Australia’s** much-anticipated return to public markets. The IPO will mark one of the [most prominent entries on the ASX this year](https://www.share-talk.com/virgin-australias-685m-ipo-cleared-for-take-off-ahead-of-june-24-asx-listing/) amid a broader revival in Australian equity offerings.\n\nGreatland’s shares will list at a **0.53x multiple of net asset value**, a discount to peers trading at around **0.8x**, further fuelling investor appetite.\n\nThe move into the ASX 200 follows a year of rapid transformation for the UK-listed company, which acquired **100% ownership of the Havieron gold project** and the **Telfer mine** from Newmont last year in a **$475 million deal**. Greatland had long held **pre-emptive rights** over the assets and was widely expected to secure the transaction—but how it would finance the acquisition was a key question, now answered.\n\n**Telfer**, located in Western Australia’s **Paterson Province**, is the region’s largest copper and gold processing facility. The **Havieron processing site**, which lies just **45km away**, further consolidates Greatland’s strategic positioning in the area.\n\nThe IPO comes amid record-breaking gold prices, which have topped **$5,000 an ounce** this year, driven by persistent global economic and geopolitical uncertainty.\n\nGreatland Gold’s current UK market capitalisation stands at **£2.29 billion ($4.79 billion)**. Upon listing in Australia, the company is expected to debut with a **market value north of $4 billion**.\n\nThe offering is being led by **Bank of America, Barrenjoey, and Canaccord Genuity**, with **Argonaut Securities** and **Sternship Advisers** acting as co-lead managers."}