In 2007 Franco-Nevada launched an initial public offering on the Toronto Stock Exchange, raising CA $1.1 billion which helped fund the US $1.2 billion acquisition of a large portfolio of royalties from Newmont.
In 2007 Franco-Nevada launched an initial public offering on the Toronto Stock Exchange, raising CA $1.1 billion and diluting Newmont's ownership from 100% to about 7% (ref press release). The IPO partially funded the US $1.3 billion acquisition of a large portfolio of royalties from Newmont.