ASX BookBuild to launch its first IPO

DataRoom: Chinese-owned coal explorer plans to raise up to $125m in first IPO.

The ASX BookBuild system is about to be tested with its first initial public offering.

Chinese-owned Queensland coal explorer U&D Coal Ltd plans to raise between $50 million and $125 million in an IPO scheduled to open on Monday, December 16, U&D company secretary Peter Edwards told DataRoom.

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