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Manila Bulletin devider Business devider The Stock Market devider Maynilad launches year's largest IPO at ₱15 per share

Maynilad launches year's largest IPO at ₱15 per share

Published Oct 23, 2025 12:55 pm  |  Updated Oct 23, 2025 01:13 pm
Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025.
Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water concessionaire is scheduled to debut on the Philippine Stock Exchange’s main board on Nov. 7, 2025, under the trading symbol “MYNLD.”
BPI Capital Corp. serves as the Domestic Lead Underwriter for the IPO, while The HSBC Ltd., Morgan Stanley Asia (Singapore) Pte., and UBS AG, Singapore Branch act as the International Underwriters (collectively, the Joint Global Coordinators and Joint Bookrunners).
The International Finance Corp. (IFC) and Asian Development Bank (ADB) are the lead cornerstone investors of the IPO.
The domestic cornerstone investors that have confirmed their participation in the offer are: BPI Asset Management and Trust Corporation, Metropolitan Bank & Trust Company – Trust Banking Group, BDO Capital & Investment Corporation, and Security Bank Corporation – Trust and Asset Management Group.
The International cornerstone investors are: abrdn Malaysia Sdn. Bhd; The United Kingdom Foreign, Commonwealth, and Development Office; Maven Investment Partners Ltd – Hong Kong Branch; Maybank Asset Management Singapore Pte. Ltd.; Robeco Switzerland Ltd.; and QRT Master Fund SPC – Torus Fund SP.
Maynilad is offering to the public 1.66 billion common shares and 24.9 million shares to First Pacific Co. Ltd., with an overallotment option of up to 249.05 million primary common shares and subject to the exercise of an upsize option of up to 354.7 million secondary common shares to be offered by the shareholder, Maynilad Water Holding Co., Inc.
Proceeds from the Offer will be used to fund Maynilad’s capital expenditures requirements and for general corporate purposes. Maynilad will not receive any proceeds from the sale of MWHCI’s shares in the event that the upsize option is exercised.

Related Tags

Maynilad Water Services Inc. International Finance Corporation (IFC) Asian Development Bank (ADB)
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