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Zijin Gold: Record IPO in Hong Kong sets gold rush in motion!
Zijin Gold International raises $3.2 billion after Hong Kong IPO. Analysts predict gold prices of up to USD 4,300.
Zijin Gold: Record IPO in Hong Kong sets gold rush in motion!
The past few days have been extremely important for Zijin Gold International, a subsidiary of Zijin Mining. On October 5, 2025, the company successfully completed an initial public offering (IPO) on the Hong Kong Stock Exchange, which attracted significant interest. Loud Daily Hodl The IPO raised an impressive $3.2 billion. Demand was overwhelming, reflected in a 241-fold oversubscription of retail shares, while institutional interest was almost 20 times higher than expected.
The issue price was set at HK$71.59 (US$9.20) per share. In the first hour of trading, shares rose by up to 66%. At the end of the trading day, they closed at around HK$114.80 (US$14.75), a gain of around 60% on the first day. Such figures place Zijin Gold's IPO as one of the strongest in Hong Kong in the last decade. Even after the IPO, Zijin Mining retains most of the subsidiary and thus remains exposed to the challenges of commodity cycles and geopolitical risks.
Strategic importance of the IPO
Zijin Gold's success reflects a larger strategy by China: consolidating its overseas mining assets through public markets in Hong Kong to attract capital from global investors. According to Goldman Sachs analysts led by Daan Struyven, the trend towards gold-backed ETFs has exceeded estimates. The analysts are convincing with their forecast that the price of gold could rise to US$4,000 per ounce by mid-2026, with further potential to reach US$4,300 by the end of next year.
Analysts stress that there is a “huge upside risk” to gold prices, which could exceed current estimates. This could not only impact the market for gold miners, but also encourage global investment in safe assets.
Market reactions and outlook
The explosive rally in Zijin Gold International shares is not only a sign of current market interest in gold, but also a response to global economic uncertainties. Investors are increasingly seeking safe-haven assets, further driving demand for gold and gold-backed assets. In the context of these developments, the Zijin Gold IPO could provide a new impetus for the entire gold sector and significantly influence market conditions in the coming months.