Lucio Co firm launches re-initial IPO | Inquirer Business
Close  

Lucio Co firm launches re-initial IPO

/ 11:42 AM November 04, 2021

MANILA, Philippines—The Keepers Holdings Inc., led by retail magnate Lucio Co, launched on Thursday (Nov. 4) its P4.5 billion re-initial public offering, pitching to investors a stake in the country’s largest distributor of imported spirits.

The Securities and Exchange Commission allowed local small investors (LSIs) participating in the follow-on offering to subscribe to much as P1 million worth of shares.

ADVERTISEMENT

This is 10 times the usual maximum LSI allotment of P100,000 per investor.

Keepers is offering three billion primary common shares at a price of P1.50 per share from Nov. 4 until Nov. 10.

FEATURED STORIES

Tentative listing date on the main board of the Philippine Stock Exchange under the trading symbol “KEEPR” is Nov. 19.

After the re-IPO, Keepers will have a public float of 20.94 percent and a market capitalization of about P21.76 billion.

China Bank Capital Corp., PNB Capital, and SB Capital Investment Corp. are the joint issue managers, joint lead underwriters, and joint bookrunners for the offering.

Keepers is the largest distributor of imported spirits in the Philippines holding a 74 percent market share in terms of volume through three operating units: Montosco Inc., Meritus Prime Distributions Inc. and Premier Wine and Spirits Inc. Its portfolio includes brands like Alfonso, Johnnie Walker, Chivas Regal, Glenfiddich, Jose Cuervo, Jim Beam, Martell, Absolut, Red Bull, and Jinro.

TSB
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, importer, Lucio Co, Philippine Stock Exchange, Stock Market
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.