Initial Public Offering

Cebu Pacific IPO: CEB flies 6% on first trading day

After deferring the planned Initial Public Offering (IPO) twice, it’s now all systems go for Cebu Pacific (CEB) to issue its shares to the public.

In a statement submitted to the Philippine Stock Exchange (PSE), Philippine budget airline Cebu Pacific said it will list its shares on the exchange starting October 26.

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Globe Asiatique (GA) IPO canceled as Pag-IBIG lawsuit looms

Globe Asiatique Realty Holdings Corp. (GA) submitted on September 6 a letter to the Philippine Stock Exchange (PSE) requesting to withdraw its P3.39 billion Initial Public Offering (IPO) slated this month.

Globe Asiatique cited as reason the resignation of BDO Capital and Investment Corporation as Issue Manager and Lead Underwriter. In its letter to the PSE, Globe Asiatique said BDO Capital did not talk to them about this decision and only knew of the latter’s resignation via a letter.

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San Miguel Brewery IPO

Shares of the beer unit of food and beverage conglomerate San Miguel Corporation will be listed on the Philippine Stock Exchange starting May 12.

Investors, however, can subscribe to the initial public offering (IPO) of San Miguel Brewery Inc. (SMB) from April 28.

More than 1.8 billion common shares will be sold to the public. Of this, 77 million to 154.8 million will be new shares, while 693.4 million to 1.4 billion will be shares currently owned by San Miguel Corp.

The offer price range is set at Php 8.00 – 15.40 per share. The offer price will be finalized on April 25.

At its lowest, the company expects to raise P7.1 billion from the IPO, proceeds of which will be used by the parent company to venture into new capital-intensive businesses such as energy and mining.

Discuss the SMB IPO and other IPO updates in the IPO Discussion, News and Updates thread in the PMT Forum.Shares of the beer unit of food and beverage conglomerate San Miguel Corporation will be listed on the Philippine Stock Exchange starting May 12.

Investors, however, can subscribe to the initial public offering (IPO) of San Miguel Brewery Inc. (SMB) from April 28.

Shares of the beer unit of food and beverage conglomerate San Miguel Corporation will be listed on the Philippine Stock Exchange starting May 12.

Investors, however, can subscribe to the initial public offering (IPO) of San Miguel Brewery Inc. (SMB) from April 28.

More than 1.8 billion common shares will be sold to the public. Of this, 77 million to 154.8 million will be new shares, while 693.4 million to 1.4 billion will be shares currently owned by San Miguel Corp.

The offer price range is set at Php 8.00 – 15.40 per share. The offer price will be finalized on April 25.

At its lowest, the company expects to raise P7.1 billion from the IPO, proceeds of which will be used by the parent company to venture into new capital-intensive businesses such as energy and mining.

Discuss the SMB IPO and other IPO updates in the IPO Discussion, News and Updates thread in the PMT Forum.Shares of the beer unit of food and beverage conglomerate San Miguel Corporation will be listed on the Philippine Stock Exchange starting May 12.

Investors, however, can subscribe to the initial public offering (IPO) of San Miguel Brewery Inc. (SMB) from April 28.

More than 1.8 billion common shares will be sold to the public. Of this, 77 million to 154.8 million will be new shares, while 693.4 million to 1.4 billion will be shares currently owned by San Miguel Corp.

The offer price range is set at Php 8.00 – 15.40 per share. The offer price will be finalized on April 25.

At its lowest, the company expects to raise P7.1 billion from the IPO, proceeds of which will be used by the parent company to venture into new capital-intensive businesses such as energy and mining.

Discuss the SMB IPO and other IPO updates in the IPO Discussion, News and Updates thread in the PMT Forum.Shares of the beer unit of food and beverage conglomerate San Miguel Corporation will be listed on the Philippine Stock Exchange starting May 12.

Investors, however, can subscribe to the initial public offering (IPO) of San Miguel Brewery Inc. (SMB) from April 28.

More than 1.8 billion common shares will be sold to the public. Of this, 77 million to 154.8 million will be new shares, while 693.4 million to 1.4 billion will be shares currently owned by San Miguel Corp.

The offer price range is set at Php 8.00 – 15.40 per share. The offer price will be finalized on April 25.

At its lowest, the company expects to raise P7.1 billion from the IPO, proceeds of which will be used by the parent company to venture into new capital-intensive businesses such as energy and mining.

Discuss the SMB IPO and other IPO updates in the IPO Discussion, News and Updates thread in the PMT Forum.

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Cebu Pacific operator to IPO in 2008

The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.

The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.

Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.

The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.

The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.

Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.

The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.

Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.
The Securities and Exchange Commission (SEC) of the Philippines has approved the initial public offering (IPO) of Cebu Air, Inc., the operator of local air carrier Cebu Pacific.

The company revealed that up to 72 million new shares and up to 63.4 million secondary shares will be offered to the public at a maximum price of P95.00 per share. The final offering price will be announced later.

Representatives disclosed that the Cebu Air IPO is expected to occur in 2008. Proceeds will be used to buy new aircraft and spare engines, for working capital and for other general corporate purposes.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.

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Oriental Peninsula IPO price is P2.68

Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum. 

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Splash IPO approved by SEC

The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.

In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.

The sale of new shares is projected to generate P1.64-P2.11 billion.

Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.

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The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.

In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.

The sale of new shares is projected to generate P1.64-P2.11 billion.

The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.

In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.

The sale of new shares is projected to generate P1.64-P2.11 billion.

Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.

Full Story 

The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.

In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.

The sale of new shares is projected to generate P1.64-P2.11 billion.

Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.

Full Story 

The Securities and Exchange Commission has approved a plan of personal care products firm Splash Corp. for an initial public offering (IPO) of stock worth as much as P2.5 billion.

In documents filed with the SEC, Splash said it would offer up to 223.85 million new and existing shares at P8.70 to P11.18 each.

The sale of new shares is projected to generate P1.64-P2.11 billion.

Splash said the funds would be spent largely on acquisition of local brands in the personal care and related industries, such as health and wellness brands.

Full Story 

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iRemit IPO price set at P4.68

iRemit (I-Remit) Inc., the largest Filipino-owned non-bank remittance company in the Philippines, has set the price for its initial public offering (IPO) at P4.68 per share.

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