In what is regarded as the final initial public offering (IPO) of the year, colorants, chemicals, and additives maker D&L Industries will issue to the public 1.071 million common shares, to be completed before the end of the year.
Each share is priced at P4.30 and the company expects to receive up to P4.6 billion from the said offering.
The D&L stock will start trading on December 12. The stock code will be DNL.
Investors of financial holdings firm Vantage Equities (PSE stock code: V) who received shares of Yehey! Corporation as property dividends in 2007 have a genuine reason to rejoice, now that shares of Yehey! Corp. are being traded on the Philippine Stock Exchange.
Yesterday, October 18, digital marketing company YEHEY debuted on the PSE and its stock price registered a 170% increase from its initial listing price of P1.00 to close at P2.70.
The Philippine Business Bank, a savings bank under the conglomerate of the Zest-O group, is planning to issue shares in an initial public offering (IPO) by the end of 2012 or by the first quarter of 2013.
Last week, the bank filed its application with the Securities and Exchange Commission in a bid to become one of the major players in the local banking industry.
Coal Asia Holdings, Inc., parent company of the firm with the country’s second-largest coal reserves, is planning to raise up to P800 million through an initial public offering (IPO) before the end of the year.
The company will sell 800 million common shares — representing 20% of its total issued and outstanding stock — at an offer price of P1.00, also the share’s par value.
How low will the stock price of Zynga go? Or is an uptrend to finally happen today after two consecutive days of price declines?
That’s the $8.9 billion-question in the minds of investors who are wondering whether they made a mistake in buying Zynga shares (stock code: ZNGA) during its initial public offering (IPO) last week.
The second initial public offering (IPO) this year — and probably the last for the year — is the IPO of supermarket chain Puregold Price Club Inc.
The final offer price will be determined on September 21, although the company already said each share will not be priced higher than P18.00. Domestic offering will run from September 23 until September 29.
The Puregold shares, with stock code “PGOLD” — will be listed on the exchange and will be available for secondary trading beginning October 5.
The dot-coms are back. In recent months, several websites have underwent initial public offering (IPO) raising billions of dollars for their owners and investors.
In May 2011, professional networking site LinkedIn went public and its price surged 109% over the IPO price on the first trading day. The company is currently valued at $9 billion.
The most-awaited tech-related IPO is no doubt Facebook. The social networking site, which boasts of more than 600 million users as of January 2011, is estimated to have a value of $50 billion.
But before the Facebook IPO craze starts, a Facebook games maker has already decided to be ahead of the game. Zynga, maker of popular Facebook games such as Farmville, Cityville and Zynga Poker, filed paperwork today paving the way for their upcoming IPO.
LinkedIn, a social networking site for professionals, went public yesterday and, at the end of its first trading day, the stock registered a 109% increase over its initial public offering (IPO) price.
The company’s stock (LNKD) closed at $94.25 on its first trading day, up 109% over the IPO issuance price of $45. It reached a high of $122.70, a 173% increase.
