August 30, 2025 | 12:00am
MANILA, Philippines — Maynilad Water Companies Inc. is pushing via with its P45.77-billion preliminary public providing (IPO) in October.
Primarily based on the corporate’s newest preliminary prospectus, Maynilad is taking a look at a suggestion interval from Oct. 16 to Oct. 22, with itemizing on the Philippine Inventory Alternate (PSE) eyed on Oct. 30.
It will likely be the second IPO within the nation for the yr, following High Line Enterprise Improvement Corp.’s P732.6-million IPO in April.
”As earlier disclosed, Maynilad is pursuing its deliberate IPO, topic to the mandatory regulatory approvals,” Maynilad president and CEO Ramoncito Fernandez stated.
Maynilad was initially aiming to be listed on the primary board of the PSE on July 17 below the buying and selling image “MYNLD.”
The earlier goal itemizing date, nonetheless, was adjusted to be no later than the top of October to accommodate strong potential demand from strategic cornerstone buyers.
Maynilad’s provide shares will comprise as much as 1.93 billion unissued widespread shares to be supplied and issued by the corporate by the use of major provide and as much as 354.70 million secondary widespread shares to be supplied by Maynilad Water Holding Co. Inc.
The agency shares might be supplied at a worth of as much as P20 apiece.