Indonesia's steel producer Gunung Raja Paksi to raise $78m via IPO

Indonesia's steel producer Gunung Raja Paksi to raise $78m via IPO

Photo by Karan Bhatia on Unsplash

Indonesia’s steel producer Gunung Raja Paksi is planning to raise up to $78 million (Rp 1.12 trillion) in an initial public offering (IPO) at Indonesia Stock Exchange (IDX) in September, the company announced on Tuesday.