Rajawali hopes to strike gold with Archi IPO

The Indonesian conglomerate hopes gold prices have bottomed as it launches an IPO of its domestic gold mining assets.

Gold has been among the worst-performing asset classes in recent years but Indonesia's Rajawali group hopes equity investors will view the initial public offering of its gold mining operations as an opportunity to invest at the bottom of a new up-cycle.

¬ Haymarket Media Limited. All rights reserved.

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