Indonesia nickel miner Harita raises $659m in Jakarta’s biggest listing this year

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The nickel industry is key to President Joko Widodo’s plan to develop an electric vehicle supply chain onshore

Indonesian metal and mining firm PT Trimegah Bangun Persada has raised about 10-trillion rupiah 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. ..

 

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