PT Merdeka Gold Plans $500 Million Hong Kong Debut via Depositary Receipts
Updated
Updated · Bloomberg · May 26
PT Merdeka Gold Plans $500 Million Hong Kong Debut via Depositary Receipts
1 articles · Updated · Bloomberg · May 26
$500 million is the minimum PT Merdeka Gold Resources aims to raise in a Hong Kong listing that could launch as soon as June, according to people familiar with the plan.
The Jakarta-listed Indonesian miner intends to sell Hong Kong depositary receipts, reviving a listing structure that has not been used in the city for 12 years.
The deal would mark a second float for the company, a unit of PT Merdeka Copper Gold that itself went public in Jakarta in 2025.
Hong Kong's strong fundraising market is helping draw issuers from across Asia and beyond, creating an opening for structures that had fallen out of favor.
Is this gold miner's IPO timed for a market peak, posing risks for new Hong Kong investors?
Beyond its massive Pani mine, what is Merdeka Gold’s strategy for long-term growth and reserve replacement?
Why choose Hong Kong's dormant HDR structure over a direct listing in New York or London?