Hong Kong Stock Exchange Set to Offer Sierra Leone Diamond Mine on IPO

Forbes reported a Sierra Leone diamond mine is going to be offered on the Hong Kong Stock Exchange as an initial public offering.

As quoted in the market news:

The Beny Steinmetz Group, a privately held natural resources company, will issue its float in the later half of 2012 through a spinoff company called Octea, which serves as the holding company for the mine, according to the Financial Times. It will attempt to raise $400 million to $600 million and achieve a valuation of $2 billion to $3 billion.

Click here to read the full Forbes report.