Beny Steinmetz Group to Float Sierra Leone Diamond Mine

Koidu diamond mine in Sierra Leone

The Beny Steinmetz Group, will soon issue an initial public offering for its Koidu diamond mine in Sierra Leone, according to the Financial Times and other reports.

The privately held natural resources company will issue its float on the Hong Kong Stock Exchange in later half of 2012 through a spinoff company called Octea, which serves as the holding company

Graff Plans Asian Expansion

The Graff Diamonds store on New Bond Street, London.

Graff Diamonds Ltd. is planning to file an initial public offering, most likely in Hong Kong, in order to fund its expansion into Asia, according to several reports.The London-based company, owned by Laurence Graff, is using the IPO to raise $1 billion and increase the value of the company to $5 billion, the Financial Times (subscription

Danish Authorities Investigate Pandora’s IPO

One of the largest IPOs in 2010 is now being investigated by the Danish government.

The Danish Financial Supervisory Authority, the country’s market regulator, said Tuesday they will ask police to investigate Nordea Bank Denmark, a unit of Sweden's Nordea, for failing to report its financial interest in jewelry maker Pandora in an investment analysis prior to the  company’s float in October,