Pilipinas Shell IPO priced at P67 per share
Warning: Undefined variable $banBylineClean in /var/www/motioncars/wp-content/themes/Motioncars/single.php on line 53
Warning: Undefined variable $banSource in /var/www/motioncars/wp-content/themes/Motioncars/single.php on line 53
October 15,2016
Warning: Undefined variable $related in /var/www/motioncars/wp-content/themes/Motioncars/functions.php on line 346
Pilipinas Shell Petroleum Corp. has priced its initial public offering at P67 per share, allowing the oil firm to sell as much as P19.5 billion to the public.
The oil firm has finalized its offering at 275 million shares, which can be raised to 291 million if overallotment is exercised, said Reginaldo Cariaso, managing director at BPI Capital which is the lead domestic underwriter for this deal.
“Pilipinas Shell IPO was priced at P67 per share, the top end of the price guidance of P65 to P67 (per share),” Cariaso said in a text message on Friday.
The IPO will run from Oct. 19 to 25. –Doris Dumlao-Abadilla
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
Warning: include(/var/www/motioncars/inq2014/crowdylanding.php): Failed to open stream: No such file or directory in /var/www/motioncars/wp-content/themes/Motioncars/tpl2018/sidebar.php on line 82
Warning: include(): Failed opening '/var/www/motioncars/inq2014/crowdylanding.php' for inclusion (include_path='.:/usr/share/php') in /var/www/motioncars/wp-content/themes/Motioncars/tpl2018/sidebar.php on line 82
