Harita Nickel Seeks to Raise $647 Million in Indonesian IPO (1)

Indonesian metal and mining firm PT Trimegah Bangun Persada started taking orders on Wednesday for an initial public offering of as much as $647 million, according to terms of the deal seen by Bloomberg News.

The company, also known as Harita Nickel, is offering as many as 8.1 billion shares at 1,220 to 1,250 rupiah each, according to terms confirming an earlier Bloomberg News report. At the top end of the price range, Harita Nickel would have a market value of about $5.1 billion. It’s taking orders from Wednesday and plans to price the offering March 24. Trading in ...