AllHome sets IPO price at P11.50 per share | Inquirer Business

AllHome sets IPO price at P11.50 per share

By: - Business Features Editor / @philbizwatcher
/ 12:23 PM September 26, 2019

MANILA, Philippines–Tycoon Manuel Villar Jr.-led AllHome Corp. has set its initial public offering price at P11.50 per share, bringing the equity deal to as much as P14.83 billion.

The offering of All Home will start on Sept. 30 through Oct. 4. Listing on the PSE’s main board under the trading symbol HOME will be on Oct. 10.

AllHome will offer 750 million new common shares along with 375 million secondary shares held by AllValue Holdings Corp., which has the option to offer 168.75 million more.  The offer shares represent 34.5 percent of AllHome’s issued and outstanding capital stock.

AllHome has tapped UBS AG Singapore as sole global coordinator and joint bookrunner while CLSA Ltd. and Credit Suisse (Singapore) Ltd. as joint bookrunners. PNB Capital and Investment Corp. and China Bank Capital Corp. are domestic underwriters. /jpv

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TAGS: AllHome, Business, local news, Philippine news update, Villar

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