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Inquirer Business » Ipo News
2d ago
MANILA, Philippines — OceanaGold Philippines Inc., the first company to brave the stock market this year, slashed its initial public offering (IPO) price by 23 percent amid inflation and global uncertainties, finalizing the equity deal at P6 billion. The Philippine Stock Exchange (PSE) on Wednesday said OceanaGold had set the offer price for 456 million ..read more
Inquirer Business » Ipo News
4d ago
MANILA, PHILIPPINES — High-interest rates and market volatility have pushed back the plans of Sy-led property giant SM Prime Holdings Inc. to launch its real estate investment trust (REIT) this year, delaying what would be the country’s largest initial public offering (IPO). SM Prime president Jeffrey Lim on Tuesday said 2024 was “not the right ..read more
Inquirer Business » Ipo News
1M ago
SHANGHAI/HONG KONG — Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting at risk the floundering economy’s recovery. China’s securities watchdog has sharply tightened scrutiny of IPOs this year, leading to companies scrapping domestic listing ..read more
Inquirer Business » Ipo News
1M ago
SYDNEY — India’s bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor’s unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said. A paucity of deals elsewhere in Asia will add to the ..read more
Inquirer Business » Ipo News
1M ago
MANILA, Philippines — The landmark P5-billion share sale deal between tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) and Sy family-led SM Investments Corp. could help attract more investors for the former’s upcoming initial public offering (IPO) and beef up its solar power portfolio with fresh capital, according to analysts. Juan Paolo Colet, managing director ..read more
Inquirer Business » Ipo News
1M ago
Shares of Donald Trump’s Trump Media & Technology Group surged as much as 59 percent on Tuesday in their Nasdaq debut, lifted by the former U.S. president’s supporters and providing him a potential windfall as he grapples with the costs of several legal cases. At its session high of $79.38 per share, TMTG’s market capitalization ..read more
Inquirer Business » Ipo News
1M ago
NEW YORK — Reddit’s initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks. While the oversubscription does not guarantee a strong performance in the stock market debut, it means ..read more
Inquirer Business » Ipo News
1M ago
MANILA, Philippines — OceanaGold Philippines is moving closer to a P7.9 billion public debut in May after securing the approval of the Securities and Exchange Commission to launch the country’s first mining initial public offering (IPO) in a decade. The SEC Commission En Banc said on Tuesday it had approved the company’s registration statement. Owned ..read more
Inquirer Business » Ipo News
1M ago
Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most anticipated stock market debuts of the last few years. The company, along with some of its existing investors, is targeting a sale of ..read more
Inquirer Business » Ipo News
2M ago
MANILA, Philippines An initial public offering (IPO) would be credit positive for both Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP), according to Fitch Ratings. But the global credit watcher, in an emailed answer to questions from the Inquirer, said the Philippine government must keep its controlling stake in the ..read more