PSE approves Cal-Comp’s P10.7B IPO

MANILA, Philippines – The Philippine Stock Exchange (PSE) has approved a plan by electronics manufacturer Cal-Comp Technology (Philippines) Inc. to raise as much as P10.7 billion from a stock market debut.

Based on an offering circular from the PSE, Cal-Comp’s offering will run from November 11 to 15 after the price-setting on November 7.

It will list on the local stock exchange on Nov. 25.

The company will offer up to 371.42 million shares to the public at a maximum price of P25 each.

In case of strong demand, 55.71 million additional shares can be offered by its controlling shareholder, Taiwan-based Kinpo International (Singapore) Pte. Ltd.

The lead underwriters are BDO Capital & Investment Corp. and Maybank ATR Kim Eng Capital Partners Inc.  BDO Capital is a stabilizing agent.

The joint global coordinators and joint book runners are BDO Capital and Maybank Kim Eng Securities Pte Ltd.

The latter is also the international lead underwriter.

PNB Capital and Investment Corp. is a participating underwriter.

The company is primarily engaged in the design, development and manufacture of consumer electronic products such as data storage products, calculators, pachinko displays, smart home appliances and smart beauty products. /gsg