The book building would close on Friday, the term sheet
said. So far demand from investors had meant the book was
oversubscribed, one source added.
Harita Nickel will be southeast Asia's biggest IPO so far
this year, overtaking the listing of Indonesian state-backed
Pertamina Geothermal Energy, which raised 9.06 trillion rupiah
($591 million) in February
($1 = 15,340.0000 rupiah)
(Reporting by Scott Murdoch in Sydney and Yantoultra Ngui in
Singapore; Additional reporting Dewi Kurniawati; Editing by
Jacqueline Wong and Bradley Perrett)
(Adds company comment and deal milestone)
By Scott Murdoch and Yantoultra Ngui
SYDNEY, March 23 (Reuters) - Indonesian nickel company
PT Trimegah Bangun Persada plans to price its shares at the top
of the range in its initial public offering (IPO), raising $647
million according to three sources with direct knowledge of the
matter.
The sources could not be named as the information was not
yet made public.
Trimegah Bangun Persada, also known as Harita Nickel, sold
the shares in a price range of 1,220 rupiah to 1,250 rupiah
each, according to its filings.
A Harita Nickel spokesperson declined to comment on the
final price and referred to the company's original filings.
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