Harita Nickel Said to Weigh Top-End Pricing for Indonesian IPO
- Company leaning toward pricing IPO shares at 1,250 rupiah each
- Harita Nickel could be Indonesia’s biggest IPO this year
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Indonesian metal and mining firm PT Trimegah Bangun Persada is considering pricing its initial public offering at the top of a marketed price range, according to people familiar with the matter.
The company, also known as Harita Nickel, is leaning toward pricing the shares at 1,250 rupiah apiece, said the people, who asked not to be identified as the information is private. Such consideration comes as the order book is well over-subscribed, one of the people said.