PSE approves new offer terms, timetable for Discovery World’s stock debut

MANILA, Philippines — The Philippine Stock Exchange has cleared the revised offer terms and timetable for the stock debut of upscale resort developer Discovery World Corp. (DWC), firming up the P551-million initial public offering this November.

Based on a PSE memorandum posted on Monday, DWC’s offering will run from November 8 to 14. The listing on the local stock exchange is expected by November 21.

The revised offer terms and timetable were cleared by the PSE following the approval by the Securities and Exchange Commission of the revised registration statement of DWC, developer and operator of the upscale Discovery Shores Boracay.