05
Apr
05:29
Merdeka Battery Materials plans to raise $586m via IPO
Indonesian nickel firm Merdeka Battery Materials plans to raise IDR 8.745 trillion ($586 million) via an initial public offering (IPO) set for April 12-14, Kallanish notes.
The company says in its prospectus that it plans to sell 11 billion new shares in the IPO at IDR 780-795 per share. This represents 10.24% of the issued and paid up capital of the company.
However, in case of oversubscription, the company will issue an additional 1.1 billion shares or 1.01% of…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous