October 27, 2017 / 2:51 PM / 10 months ago

Brazilian miner Nexa opens 3 pct higher on trading debut

TORONTO, Oct 27 (Reuters) - Brazilian miner Nexa Resources Inc rose 3.1 percent on its trading debut on the New York Stock Exchange on Friday after raising $496 million in a dual listing in Canada and the United States.

Nexa, a top five global zinc producer with three underground mines in Peru and two in Brazil, late on Thursday priced its IPO at $16 a share, after marketing it at $18 to $21 per share. bit.ly/2xquUXH

The company expects to use some of the IPO proceeds to develop growth projects in 2018 and 2019, including the Aripuana project in Brazil, according to a filing with regulators.

The stock opened trade at C$21.06 on the Toronto Stock Exchange on Friday, while the benchmark Canada stock exchange was flat. (Reporting by Susan Taylor; Editing by Chizu Nomiyama)

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