Tag: Shares of PT Amman Mineral Internasional

An Indonesian miner has been the world’s best-performing large initial public offering this year, as analysts tout its appealing valuation, earnings prospects and potential inclusion in a key local index.Shares of PT Amman Mineral Internasional, which owns the second-largest gold and copper mine in the Southeast Asian country, are up 153% since their debut on July 7. That’s the biggest gain among 32 IPOs that raised at least $500 million so far globally in 2023, according to data compiled by Bloomberg.The performance stands out against industry peers worldwide,...