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Capital raising on Philippine stock exchange may cross $4b in banner year 2021
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Stronger sales increase Del Monte FY2021 income by 33%
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PSE sets P200-B capital-raising target
May 25, 2021 | 12:34 am
Keren Concepcion G. Valmonte
THE PHILIPPINE Stock Exchange (PSE) is hoping at least P200 billion in capital will be raised at the stock market this year, as it seeks to encourage more small companies to list their shares.
“I hope that at least P200 billion of capital will be raised at the Philippine Stock Exchange,” Ramon S. Monzon, president and chief executive of the bourse operator, told
BusinessWorld in a video call on Thursday.
If achieved, this would be nearly double the P104-billion capital raised at the PSE in 2020.
The pipeline for capital-raising activities is seen to be robust with companies like Monde Nissin Corp. and Del Monte Philippines, Inc. (DMPI) planning mega-initial public offerings (IPOs) and firms launching their own real estate investment trusts (REITs).
Proceeds to pay debts of parent Del Monte Pacific IPO is set to be launched in the third quarter-source Philippines gears up for blockbuster year of IPOs (Recasts with details on IPO, quotes)
MANILA, April 28 (Reuters) - Del Monte Philippines Inc filed for an IPO that could raise up to 44.1 billion pesos ($910 million), marking potentially the second-largest share offering in a market that is gearing up for a blockbuster year for listings.
Del Monte’s shareholders Del Monte Pacific and SEA Diner, are seeking to sell up to 804.23 million shares, including an over-allotment option of 15%, it said in a registration statement filed with the corporate regulator on Wednesday.
Monde Nissin draws GIC, Fidelity as cornerstone investors for PH IPO: Report
Photo by ikhsan baihaqi on Unsplash
May 10, 2021
Monde Nissin Corp is reportedly in talks with a number of investors, including Singapore’s sovereign wealth fund GIC, financial services group Fidelity International, and Hong Kong insurer AIA Group to become cornerstone investors in its initial public offering (IPO) in the Philippines.
According to a Bloomberg report, Monde Nissin, which sells Lucky Me! instant noodles in the Philippines and meat substitute Quorn in Europe, is in deliberations with these investors for its $1 billion IPO, which could be the largest in the Philippines so far.
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