Political wrangling in Mongolia is delaying the $2 billion to $3 billion IPO of mining company Erdenes Tavan Tolgoi, according to sources in the country. The deal, which would be Mongolia’s largest ever equity offering, is expected to transform the country’s economy by providing thousands of jobs, revitalizing its stock market, and bringing in billions of dollars of outside investment as well as providing direct economic benefit to citizens in the form of allocations of shares.
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