SINGAPORE : Indonesian copper miner Amman Mineral Internasional raised 10.73 trillion rupiah ($715.81 million) in the country's biggest initial public offering (IPO) this year, according to a source with direct knowledge of the matter.The Jakarta-headquartered company sold 6.33 billion shares at a price o
SINGAPORE : Indonesian copper miner Amman Mineral Internasional raised 10.73 trillion rupiah in the country's biggest initial public offering this year, according to a source with direct knowledge of the matter.
Amman Mineral's IPO prospectus launched last month showed IPO price was to be offered at a range of 1,650 rupiah to 1,775 rupiah during book building. At $714 million, Amman Mineral IPO would also be the biggest in Southeast Asia this year, according to Refinitiv data, surpassing the listing of Indonesian nickel producer Trimegah Bangun Persada, known as Harita Nickel, that raised 10 trillion rupiah in April.
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