Merdeka Gold Resources plans to attract 4.66 trillion rupees (284 million) from IPO.
the company will offer 1.62 billion shares, or 10% of the shares, 2880 rupees. The shares were estimated near the upper end of the market range of shares from 1800 rupees to 3020 rupees.
Chinese giant Zijin Gold International Co. It also plans to attract at least 3 billion in the fact that it will become the largest listing in the world since May.
Merdeka’s offer also helps to strengthen the IPO Indonesia IPO market, which is reduced for the second year in a row.
The company plans to use revenue as working capital and repay loans, the avenue says. According to his website, he develops a mine on the Indonesian island of Sulawesi and plans to produce about 140,000 gold rations per year at the initial stage.
Merdeka Copper Gold shares by more than 56% this year.
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