Sprott Declares IPO of 28,000,000 Units for Sprott Physical Platinum and Palladium Trust

Forbes reported that Sprott Asset Management announced that Sprott Physical Platinum and Palladium Trust will issue in its IPO of 28,000,000 units at $10.00 each.

As quoted in the market news:

As part of the Offering, the Trust has granted the underwriters an over-allotment option which is exercisable in whole or in part to purchase up to an additional 4,200,000 Units at US$10.00 per Unit.

The units will be listed on the NYSE Arca and the Toronto Stock Exchange under the symbols ‘SPPP’ and ‘PPT.U’, respectively. The Offering was made simultaneously in the United States and Canada. Morgan Stanley and RBC Capital Markets acted as global co-ordinators for the Offering.

Click here to read the full Forbes report.

Get the Latest Palladium Investing Stock Information

Get the latest information about companies associated with Palladium Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Is-Gold-a-Good-Investment-Gold-Price-Forecast-2015There is no guide to gold that is more concise, clear and authoritative. Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015.
Comments

Leave a Reply