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PT Trimegah Bangun Persada, or Harita Nickel, has raised almost Rp10 trillion (US$671.73 million) through an Initial Public Offering on the Indonesian Stock Exchange and is expecting to become the country’s largest producer of pure nickel.
On 12 April, the company’s share price traded between Rp1,205 and Rp1,410, before closing at Rp1,250.
Harita's president director Roy A Arfandy said the IPO received a "very positive" response from the market, with the company's shares being oversubscribed.
Having initially offered 7.
Amman's share price has risen some 153% since its debut
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