Initial Public Offering

8990 Holdings (HOUSE) sells follow-on shares at P6.50 each

Low-cost mass housing developer 8990 Holdings Inc. (PSE stock code: HOUSE) will raise as much as P9 billion by conducting a follow-on share offering this May 2014, with each share priced at P6.50 apiece.

HOUSE, the developer of “DECA Homes” and “Urban DECA Homes” projects will issue 1.245 billion shares, of which 862.19 million are new common shares to be issued and offered by the company while 382.36 million shares are existing shares of selling shareholders. There is an over-allotment option up to 134.95 million shares.

The retail offering will run from May 2 until May 8. New shares will be listed and will start trading in the PSE on May 14.

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IPO Analysis: Century Pacific Food Inc. (CNPF)

Should you take part in the initial public offering (IPO) of Century Pacific Food Inc. (CNPF)?

The second IPO of the year (after Double Dragon Properties IPO) is that of CNPF, the company behind popular canned meat brands such as Century Tuna, Argentina Corned Beef, 555 sardines, and Swift, among others, plus other consumer brands such as Birch Tree milk, Angel condensada, and Kaffe de Oro.

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‘Century Tuna’ maker CNPF to have Initial Public Offering (IPO)

The company making popular canned meat brands Century Tuna and Argentina Corned Beef is scheduled to be the second company this year to conduct an Initial Public Offering.

Century Pacific Food Inc. (CNPF) is offering up to 229.65 million shares to the public, priced at no more than P14.50 (final price will be announced later today). At this offer price, the company is expected to raise around P3.3 billion.

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Century Pacific, makers of Century Tuna, files for IPO

Century Pacific Food Inc., manufacturer of branded canned tuna Century Tuna, could be the next Initial Public Offering (IPO) of the year after it recently got approval from the Securities and Exchange Commission to issue shares to the public.

Century Pacific plans to raise as much as P3.33 billion from the said offering by selling up to 229.65 million shares.

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Double Dragon (DD) IPO: 14 times oversubscribed

According to the Chairman and CEO of Double Dragon Properties, the first company to conduct an Initial Public Offering (IPO) this year, the company’s IPO offer was 14 times oversubscribed, a sign that there may be healthy demand for the stock.

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Double Dragon IPO could be first IPO in 2014

A property development firm jointly owned by Jollibee Foods Corp.’s CEO Tony Tan Caktiong and Mang Inasal’s owner Edgar Injap Sia could be the first initial public offering (IPO) in the Philippine Stock Exchange (PSE) this year.

The company, DoubleDragon Properties Corp., filed an IPO application with the Securities and Exchange Commission on January 31, hoping to raise more than P1.16 billion from the transaction.

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Top Frontier (TFHI)’s stock price drops 58% in just 1 week

The tragic collapse of Top Frontier Investment Holdings Inc. (TFHI) during its initial listing last week highlighted one important stock trading lesson that most investors are still not aware of. That is, a stock’s Initial Public Offering (IPO) or introductory listing does not automatically translate to instant gains.

Most newbie stock investors have this notion that IPOs — or in the case of TFHI, initial listing on the Philippine Stock Exchange (PSE) by way of introduction — always result to profits.

With TFHI’s stock price dropping 44% on its first trading day and 58% total drop in just week — we now see that IPOs and initial listings may not necessarily be good investments.

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