Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Cebu Pacific Holding IPO Roadshow to Raise P25.7 Billion

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Photo by jiggyjr1980 at Flickr.com

Philippine carrier Cebu Pacific is scheduled to begin an IPO roadshow, starting with a domestic presentation on April 5 and an international leg the following day. This roadshow that intends to raise as much as 25.7 billion Pesos. The maximum price per share is 95 Pesos with an offer of about 125 million new shares to raise about half of the estimated new funds. It will also sell existing shares.

The domestic IPO is from April 19 to 26 with its shares to be listed on the Philippine Stock Exchange on May 3.

Read more at cebu-pacific-airlines.com


JUST IN: Cebu Air, Inc., the airline company of Cebu Pacific, is deferring the IPO until after the May 10 national elections.


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Written by Raffy Pekson II

March 27, 2010 at 9:09 pm

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