09
Jan
04:45
Indonesian nickel firm Adhi Kartiko Pratama goes public
Nickel miner Adhi Kartiko Pratama (AKP) was listed on the Indonesian Stock Exchange on Tuesday, targeting IDR 533 billion ($34.3 million) in its initial public offering (IPO), Kallanish notes.
Shares started trading at IDR 438 and surged 23% during its debut. The company, which claims to be one of the major producers of nickel ore in the world, is offering 20% of its total shares in the IPO.
Following the IPO, the company’s controlling shareholde…
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Very good overview of the weekly steel market.
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