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Harita Nickel raises 673 mln USD as Indonesia’s biggest IPO this year

JAKARTA, April 12 (Xinhua) — Nickel mining and downstream company PT Trimegah Bangun Persada, or Harita Nickel, raised 9.99 trillion rupiahs (about 673 million U.S. dollars) in the initial public offering (IPO) from April 5 to 10 on the Indonesia Stock Exchange.

“There was a significant amount of oversubscription due to the great demand,” Roy Arfandy, president director of PT Trimegah Bangun Persada, said on We