Harita Nickel, Indonesia's biggest IPO this year, debuts higher

Kitco Media
By Reuters
Published:
Updated:
Reuters
By Bernadette Christina JAKARTA/SINGAPORE, April 12 (Reuters) - Indonesian nickel company Trimegah Bangun Persada , also known as Harita Nickel, opened higher in its trading debut on Wednesday after raising 10 trillion rupiah ($672 million) in the country's biggest listing this year. The stock opened 1,285 rupiah per share, slightly higher higher than its initial public offering (IPO) price of 1,250 rupiah a share on the Indonesian stock exchange. ($1 = 14,881.0000 rupiah) (Reporting by Fransiska Nangoy and Christina Bernadette in Jakarta, Yantoultra Ngui in Singapore Editing by Shri Navaratnam)

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