Harita Nickel shines on debut, boding well for hot Indonesia IPO market

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Indonesia Berita Berita

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JAKARTA/SINGAPORE :Shares in Indonesia's Trimegah Bangun Persada (TBP) rose in their trading debut on Wednesday after the company, also known as Harita Nickel, raised 10 trillion rupiah ($672 million) in the country's biggest listing so far this year.The firm debut by Harita Nickel could boost sentiment surr

JAKARTA/SINGAPORE :Shares in Indonesia's Trimegah Bangun Persada rose in their trading debut on Wednesday after the company, also known as Harita Nickel, raised 10 trillion rupiah in the country's biggest listing so far this year.

It climbed as high as 1,410 rupiah a share, then dropped to as low as 1,205 rupiah before trading at around 1,275 rupiah, while the local benchmark stock index was down 0.17 per cent. New share sales more than quadrupled in Indonesia to $828.1 million in the first quarter from the same period last year, according to Refinitiv data.

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