IPO News

Cebu Landmasters and Eagle Cement Approved for an IPO

MANILA, Philippines – The bourse told reporters on Wednesday that the PSE panel of directors gave nods on the Cebu Landmasters and Eagle Cement’s decision to raise a maximum of 3.8 billion pesos and 9.2 billion pesos from their starting share trades, respectively. The Eagle...

Cebu Landmasters Seeks Initial Public Offering in May

MANILA, Philippines – A Cebu-based real estate developer is set to list its shares on the Philippine Stock Exchange in May. Cebu Landmasters, Inc. has advanced its plan to go public. It has already sought regulatory approval in order to do an initial public offering for...

Bermaz Auto Submits IPO Application Next Semester

MANILA, Philippines – BERMAZ Auto Bhd (BAuto) submits its application for initial public offering (IPO) of its subsidiary in the Philippines, which may take place next semester and total up to P1.24 billion. Bursa Malaysia, the Mazda distributor in Malaysia and the Philippines,...

Berjaya Clarifies Listing PH Auto Unit

MANILA, Philippines – Berjaya Philippines Inc. (PSE:BCOR) clarifies the news published by Manila Standard on its website entitled “Berjaya plans to list auto unit in PH” dated December 9, 2016 at 9:35 P.M. According to the disclosure of Berjaya to the Philippine Stock Exchange...

Philippines AirAsia Eyes IPO in 2017

MANILA, Philippines – AirAsia, the world’s low-cost carrier, plans the initial public offering (IPO) for its local subsidiary in Asia, Philippines AirAsia, Inc., next year at a higher than expected value due to strong demand. Tony Fernandes, AirAsia Chief Executive Officer,...

D.M. Wenceslao Withdraws IPO

MANILA, Philippines – D.M. Wenceslao & Associates, Inc. is withdrawing its initial public offering (IPO) plan further, following its resolution of pushing projects’ realization through a resistant path in the midst of business process outsourcing (BPO) sector’s incertitude....

SEC Approves Shakey’s P5.5B IPO

MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc. (SPAVI) receives the approval of the Securities and Exchange Commission (SEC) of the Philippines for its initial public offering (IPO) worth P5.5 billion. The primary and secondary shares of the company at 352 million count...

Wilcon Builders Plans P6B IPO for Fundraising

MANILA, Philippines – Wilcon Builders, one of the country’s retailers of construction materials and hardware, plans to build a P6 billion initial public offering (IPO). Industry sources stated that the main goal of the IPO expansion is for its fundraising, wherein the proceeds...

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