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Converge ICT picks banks for $700 million IPO

Converge ICT Solutions Inc. has selected banks for its planned initial public offering that could raise about $700 million, according to people familiar with the matter.

IPO appetite seen dampened by pandemic worries

ANALYSTS believe initial public offerings (IPO) at this time are risky because of the volatility of the market and sensitivity of investor sentiments to the coronavirus disease 2019 (COVID-19) pandemic.

Two more firms step towards IPO within the year

Cal-Comp Technology (Philippines), Inc. and Fruitas Holdings, Inc. have secured the approval of the Securities and Exchange Commission (SEC) for their initial public offering (IPO) next month.

Strong liquidity to drive demand for new listings

ANALYSTS are positive the market can absorb the torrent of companies seeking to go public this year, thanks to the low interest rate environment and strong appetite from local investors.

A $2.5-billion blue jeans fortune emerges with Levi’s IPO plan

LEVI’S are proving an enduring wardrobe investment for the descendants of the inventor of blue jeans.

Converge ICT eyes IPO in next 5 years

CONVERGE ICT Solutions, Inc. said it is looking to tap more sources of funding for its expansion plans, which includes an initial public offering (IPO) within the next five years.

The PSE wants more small investors to join IPOs

Larger roles for smaller investors.

IPO rule tweaks favor small investors

SMALL INVESTORS can look forward to greater participation in companies’ initial public offerings (IPO) after the corporate regulator approved changes to listing rules in this regard.

Tencent’s US music IPO reflects more upbeat recording industry

TENCENT HOLDINGS Ltd.’s plan to spin-off its online-music business and list shares in the US is the latest sign that the long-beleaguered recording industry is staging a comeback.

DMWAI’s lower IPO price may spark interest

PROPERTY DEVELOPER and construction firm D.M. Wenceslao & Associates, Inc. (DMWAI) has priced its initial public offering (IPO) at a discount, which analysts said would make the offer more attractive to investors given the persistent volatility in the stock market.

Del Monte Philippines defers IPO

DEL MONTE Philippines, Inc. (DMPI) has delayed what would have been the country’s first initial public offering this year, citing the current volatility in the local stock market.

Del Monte Philippines defers IPO due to market volatility

Del Monte Philippines, Inc. (DMPI) has deferred its planned P17.5-billion initial public offering of around 21% of its total outstanding shares to the public...

PSE approves Del Monte Philippines’ P17.5-billion IPO

The Philippine Stock Exchange has given the greenlight for the P17.5-billion initial public offering (IPO) of Del Monte Philippines, Inc. (DMPI) on Thursday. In a...

Indonesia’s stock rout claims another victim: the IPO market

The selloff sweeping the Indonesian market is turning into a spoiler for the local bourse’s goal of listing the most new companies in two...

Spotify soars in $26 billion stock debut

New York — Spotify soared Tuesday (US time) to a value of more than $26 billion in its long-awaited stock debut as the market...

DM Wenceslao targets PSE listing by June

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...

The suitability of going public

AT SOME POINT, private companies begin to open up to the possibility of selling stock to the public, a process known as initial public...

SMC Global puts IPO on hold amid PSALM dispute

By Victor V. Saulon, Sub-Editor SMC GLOBAL POWER Holdings Corp. has put on hold its plan to go public this year, amid its on-going dispute...

Logistics provider AAI to sell ‘minority’ stake

By Krista Angela M. Montealegre, National Correspondent LOGISTICS solutions provider AAI Group of Companies is taking in a strategic investor to fund an aggressive expansion...

Headwinds greet debut of Chelsea

By Arra B. Francia GENERAL OPTIMISM over the country’s logistics sector failed to sustain Chelsea Logistics Holdings Corp.’s (CLC) early gains during its debut on...

Chelsea Logistics kicks off IPO on strong note

By Krista Angela M. Montealegre National Correspondent CHELSEA LOGISTICS Corp. (CLC) kicks off the offer period for its P5.8-billion initial public offering (IPO) today with strong...