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Indonesian nickel company PT Trimegah Bangun Persada (TBP) is expected to have raised around IDR 10 trillion ($663 million) in its oversubscribed initial public offering (IPO). The company, also known as Harita Nickel, indicated on its website last week that it would sell its shares at the upper limit in the IDR 1,220- 1,250 price range. Around 8.1 billion shares were earmarked at that range but sold at the higher price, yielding around IDR 10 trillion, according …
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