West Zone concessionaire Maynilad Water Services Inc. successfully debuted on the Philippine Stock Exchange after its ₱34.33 billion initial public offering (IPO) was heavily favored by investors, ending 2.7 times oversubscribed. In a briefing before the listing, Maynilad Chief Finance Officer...
The Department of the Interior and Local Government (DILG) and the Philippine Health Insurance Corporation (PhilHealth) gave due recognition to the Manila city government for its noteworthy programs and initiatives in social welfare, child protection, women’s safety, and universal health care....
It’s all systems go for the initial public offering (IPO) of Maynilad Water Services Inc., which is tagged to be the biggest stock offering in the last four years. Amidst the continuing political drama surrounding the floodgate mess, there is no stopping Maynilad’s IPO, especially with...
Port operator International Container Terminal Services, Inc. (ICTSI) reported a 19 percent improvement in attributable net income to $751.56 million in the first nine months of the year from the $632.58 million earned in the same period of 2024 as global trade continues to grow despite US tariff...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
The Securities and Exchange Commission (SEC) has approved the planned fixed-rate retail bond offering of SM Prime Holdings, Inc., worth up to ₱17 billion under the company’s ₱100 billion shelf registered bonds. In a disclosure to the Philippine Stock Exchange, SM Prime said it has received...
Metro Manila’s West Zone concessionaire Maynilad Water Services, Inc. has decided to exercise in full the ₱5.32 billion upsize portion of its ₱34.33 billion initial public offering in response to strong investor demand for the firm’s stock. In a statement, Maynilad said that, after the...
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...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings, Inc. (GT Capital), successfully raised ₱5 billion after its minimum ₱2 billion fixed-rate bonds offering was 3.5 times oversubscribed. GT Capital disclosed to the Philippine...
Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay. The setting of the final offering price, which puts the IPO size at...
