PSE clears P45.8-B Maynilad IPO

MANILA, Philippines — The Philippine Stock Exchange (PSE) has approved the P45.8-billion initial public offering (IPO) of water concessionaire Maynilad Water Services Inc.

In an advisory on Monday, the operator of the local bourse said Maynilad would offer up to 1.66 billion firm shares to the public, along with up to 24.9 million reserved shares to First.

https://business.inquirer.net/550990/pse-clears-p45-8-b-maynilad-ipo