Transaction

ECM
06/2026

Trigon acted as the only Polish institution in the underwriting syndicate for Lumina Metals’ IPO on the Toronto Stock Exchange, followed by the company’s debut on the Warsaw Stock Exchange.

Key takeaways

Client
Our role
Underwriter
Year
2026
Deal type
ECM
Wartość transakcji

Transaction description

Trigon acted as the only Polish institution in the underwriting syndicate for Lumina Metals’ upsized and oversubscribed IPO on the Toronto Stock Exchange. The offering was priced at CAD 12.50 per share and reached a total value of CAD 467 million, equivalent to approximately PLN 1.2 billion, making it the second-largest junior mining IPO globally. Following the successful IPO in Toronto, Lumina Metals debuted on the Warsaw Stock Exchange, giving Polish investors exposure to a major copper and silver project rooted in south-western Poland. The company is developing a portfolio of projects in the Lubuskie region, including Nowa Sól, one of Europe’s most significant copper-silver discoveries in recent decades. The transaction highlights Trigon’s experience in cross-border equity capital markets transactions and its ability to support international issuers entering the Polish capital market.

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