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Aluminium giant Novelis seeks billion-dollar US IPO

US IPO markets look to be recovering as the aluminium recycler targets a $12.6 billion valuation

Joshua Smith
An aluminium coil transport line. Credit: Novelis

An aluminium coil transport line. Credit: Novelis

Global aluminium specialist Novelis is looking to raise up to US$945 million in an initial public offering in the US, targeting a potential valuation of $12.6 billion.   Owned by Indian billionaire...

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