US stocks: Miner Sinda kicks off US IPO roadshow with $1.97 billion valuation target

Sinda, a US-listed silver exploration company backed by The Electrum Group, has launched its IPO roadshow targeting a $1.97 billion valuation. The firm plans to sell 17.75 million shares priced between $11.25 and $13.25 each, raising up to $235.2 million. The shares are expected to trade on NYSE under the ticker 'SIND', with Morgan Stanley, Scotiabank, and BMO Capital Markets as lead underwriters.