Indonesia's Merdeka Battery set to price IPO shares at 795 rupiah each -sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
SINGAPORE, April 5 (Reuters) - Indonesian nickel firm PT Merdeka Battery Materials plans to price its shares at 795 rupiah each, at the top of the range for its initial public offering (IPO) to raise 8.75 trillion rupiah ($586.46 million), according to two sources with direct knowledge of the matter. The sources could not be identified as the information had not yet been made public. Merdeka did not immediately respond to a request for comment. (Reporting by Yantoultra Ngui in Singapore and Scott Murdoch in Sydney; editing by Jason Neely)

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