The IPO Buzz: Aura Minerals (AUGO) Edges Up in Debut After NASDAQ Uplisting

Gold and copper miner Aura Minerals Inc. (AUGO) opened at $24.50 – up just a quarter from its NASDAQ uplisting price – in its NASDAQ debut at 12:15 p.m. EDT today – Wednesday, July 16, 2025.   Aura Minerals priced its public offering – in connection with its NASDAQ uplisting – at US$24.25 and sold 8.1 million shares – to raise $196.44 million on Tuesday night, July 15, 2025.  BofA Securities and Goldman Sachs served as the global coordinators of Aura Minerals’ public offering. BTG Pactual and Itau BBA were the joint book-runners. Aura Minerals’ ordinary shares are listed on the Toronto Stock Exchange (“TSX”) and its Brazilian Depositary Receipts (“BDRs”) are listed on the Brazilian Stock Exchange. Aura Minerals  (AUGO) has a registered office on the island of Tortola in the British Virgin Islands, where it is incorporated. The company’s head office – maintained through its wholly owned subsidiary, Aura Technical Services Inc. – is in Coconut Grove, Florida. In the prospectus, Aura Minerals said it plans to use the U.S. public offering’s net proceeds as follows: –          US$76 million to fund the upfront cash payment for the MSG Acquisition  – the Mineracao Serra Grande gold mine in Crixas, in the Brazilian state of Goias; –          US$100 million to provide liquidity and financial flexibility to support the execution of its strategic growth initiatives, including, but not limited to: (1) US$90 million to further develop the Era Dorado gold deposit project in Guatemala and the Matupa Mine (the Matupa gold project) in Mato Grosso, Brazil, and exploration-stage projects such as the Carajas copper project in Brazil, and (2) US$10 million for exploration initiatives to expand mineral reserves and resources of its portfolio. Aura Minerals is not profitable, according to financial statements in the prospectus: Net loss of $94.3 million on revenue of $623.9 million for the 12 months that ended March 31, 2025. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.