D.M. Wenceslao & Associates Inc. (DMWAI) looks to take the company public by June, after filing for a P15.6-billion initial public offering with the Securities and Exchange Commission.

In a prospectus posted on the company’s website, DMWAI said it plans to offer up to 670.17 million shares to the public, with an over-allotment option of up to 101.876 million shares, priced at P22.90 each. This is equivalent to around 20% of the company’s total issued shares.

The tentative timeline of the IPO is as follows: the shares will be offered to investors from May 21 to 25, with listing at the PSE set for June 1. The final dates will depend on the approval of the SEC and the Philippine Stock Exchange. — Arra B. Francia

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