Global Ferronickel plans $600M IPO in booming Philippine market

Posted on January 12, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SINGAPORE/MANILA (UPDATE) – Global Ferronickel Holdings Inc, the Philippines’ No. 3 nickel producer, is expected to raise $600 million in a Manila IPO in March, sources said, taking advantage of higher prices and exports triggered by a ban on shipments of ore from Indonesia.