Indonesian nickel mining firm PT Trimegah Bangun Persada’s [also known as Harita Nickel] initial public offering (IPO) worth 10 trillion rupiah ($669.72 million) has garnered significant interest from institutional investors, the company claimed.
Private equity players from the US, Europe, and Asia as well as sovereign wealth funds (SWF) from Malaysia and some European countries will pick up minority stakes or less than 5% in the IPO, Harita Nickel’s spokeperson told DealStreetAsia.