More heavyweights in the market. Nickel-EV time. After Harita Nickel, PT Merdeka Battery Materials (MBM), subsidiary of PT Merdeka Copper Gold Tbk (MDKA), kicked off the initial public offering (IPO) for 11 billion shares, representing 10.24% of total issued and paid-up capital, priced at Rp780-795 per share, to raise total proceeds of maximum Rp8.74 trillion. To subscribe please click here