The stock price of Phoenix Semiconductor Philippines Corp. (PSPC) rose 8% yesterday during its first trading day after the Initial Public Offering (IPO), but retreated prior to the day’s close and ended at P3.15, exactly the same as its offer price.
Investors who bought the stock at its P3.15 offer price virtually made no gains during PSPC’s first trading yesterday, although more than P237 million worth of the stock were traded.
Restaurant operator Max’s Group (MAXS) has lowered the price for its follow-on shares to be launched before the end of the year.
Initially, the company announced that the follow-on shares will be priced at P29.50 each. Issuing around 300.14 million shares, MAXS expects to raise up to P14.32 billion from the share offering.
Investors who took part in the initial public offering (IPO) of specialty retailer SSI Group Inc. (SSI) gained 6.5% during the stock’s first trading day.
SSI closed at P7.99 per share on November 7, the first trading day after the company’s IPO, a 6.5% increase from the offer price of P7.50.
(See also: Subscribe to the IPO of SSI and PSPC?)
You probably know by now that, aside from capital gains or price appreciation, an investor also earns from stocks through the company’s distribution of Dividends.
In the coming weeks, two new companies will be offering their shares to the public for the first time, namely, the SSI Group Inc. (SSI) and the Phoenix Semiconductor Philippines Corp. (PSPC).
Is it a good idea to buy and subscribe to the IPO of SSI and PSPC?
After months of delay, with rumors that the company even deferred its planned Initial Public Offering (IPO) to avoid the Ghost Month in August, Phoenix Semiconductor Phil. Corp. (PSPC) is finally pushing through with its IPO on December 1.
PSPC plans to raise up to P1.22 billion from the said offering, proceeds of which will be primarily used for expansion. PSPC intends to extend its current manufacturing facility and construct a new production facility within its 15-hectare area property at the Clark Freeport Zone in Pampanga. The projects are meant to start bigger mass production of its products by the second half of 2015
Stocks can produce huge capital gains if the right bets are made. Those who want to earn quicker profits use a high-yield, high-risk strategy known as “Speculative Stocks investing” wherein they focus on so-called speculative stocks that could produce the quickest bang for their buck.
In this section of Investment Products, we compile various investment options that Filipino investors may be interested in. This time, we give you more information about the Preferred Shares offering of Ayala Corporation (AC).
