MANILA, Philippines – Maynilad Water Services Inc. is moving closer to its P45.8-billion initial public offering (IPO) this month after receiving approval from the Philippine Stock Exchange (PSE).
The operator of the local bourse announced in an advisory on Monday that Maynilad would offer up to 2.3 billion shares at a price of up to P20 each.
This development marks a significant step for Maynilad as it prepares to enter the public market, aiming to raise substantial capital through the IPO.
https://business.inquirer.net/551033/all-set-for-maynilads-p-45-8-b-stock-debut