Bloomberg: IPOX® CEO Josef Schuster on Potential Mega-IPO of Vale’s Metals Unit
In a Bloomberg article discussing the potential for a landmark IPO by Vale SA’s base metals unit, IPOX® Founder and CEO Josef Schuster provided key historical context on the deal's potential significance.
The article highlights that Vale Base Metals is preparing to be "IPO-ready" by 2027 or sooner. A public listing, based on a $25 billion valuation established in a 2023 stake sale to Saudi Arabia, could become one of the largest materials-sector IPOs in history.
Dr. Schuster commented on the scale of the potential offering, noting that even after adjusting for inflation, it would be the most valuable mining stock to go public since the blockbuster 2011 debut of Glencore Plc. He stated, “It would definitely rank amongst the top 10 mining IPOs.”
He further contextualized the valuation by comparing it to another major industry transaction, noting that at $25 billion, the Vale Base Metals IPO would also eclipse the valuation of the spinoff of South32 Ltd. from BHP Group in 2015. This underscores the magnitude of the potential listing and its place among the most significant capital markets events in the global mining sector.
Bloomberg subscribers can read the full article in the Terminal:
https://blinks.bloomberg.com/news/stories/SY0QSCDWRGG0
Article by Geoffrey Morgan
