Harita Nickel Raises $659 Million in Jakarta IPO Priced at Top
- Company sold shares at 1,250 rupiah each in the offering
- Harita Nickel’s listing is Indonesia’s biggest IPO this year
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Indonesian metal and mining firm PT Trimegah Bangun Persada has raised about 10 trillion rupiah ($659 million) after pricing its initial public offering at the top of a marketed range, according to people familiar with the matter.
The company, also known as Harita Nickel, sold about 8 billion shares at 1,250 rupiah apiece, said the people, who asked not to be identified as the information is private. The firm has marketed as many as 8.1 billion shares at 1,220 rupiah to 1,250 rupiah each. The mining firm was considering pricing its IPO at the top of the range, Bloomberg News reported last week.