In today’s briefing:
- Merdeka Battery Materials Lockup Expiry – US$1.5bn Lockup Expiry, Some Have Sold Beforehand
Merdeka Battery Materials Lockup Expiry – US$1.5bn Lockup Expiry, Some Have Sold Beforehand
- Merdeka Battery Materials (MBMA IJ) was listed on 18th Apr 2023, when it raised around US$591m in its Indonesian IPO. Its eight-month lockup will expire on 11th Dec 2023.
- MBMA owns one of the world’s largest nickel mines in terms of contained nickel at the Konawe Nickel Mine.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
💡 Before it’s here, it’s on Smartkarma
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