IPO - updates

Rappler's latest stories on IPO

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Thai retail giant launches record-breaking IPO

Feb 20, 2020 - 10:45 PM

Central Retail Corporation, a family-run empire, launches Thailand's largest initial public offering

Board representatives of Central Retail Corporation (CRC) attend a ceremony to open trading as Thailand’s largest IPO at the Stock Exchange of Thailand in Bangkok on February 20, 2020. - Central Retail, one of Thailand's largest conglomorates, launched the country's biggest ever IPO on February 20, giving it a market cap of around $8.1 billion in a punt on an sputtering economy now hampered by the coronavirus. (Photo by Lillian SUWANRUMPHA / Lillian SUWANRUMPHA / AFP)

China slashes red tape for IPOs

Dec 28, 2019 - 3:42 PM

The new registration-based IPO system in the newly amended law comes into effect on March 1, 2020

Saudi Aramco market value tops $2 trillion

Dec 12, 2019 - 7:05 PM

The share price of Saudi Aramco jumps further on Thursday, December 12, pushing the energy giant's market value above $2 trillion

A handout picture provided by Saudi Aramco shows the energey giant's President and CEO Amin Nasser (2nd L) ringing the bell during the official ceremony launching the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in the Saudi capital Riyadh on December 11, 2019. - Saudi Aramco's shares soared on their debut on the domestic stock exchange today, becoming the world's biggest listed company worth $1.88 trillion after a record-breaking IPO. Aramco had priced the initial public offering at 32 riyals ($8.53) per share, raising $25.6 billion and eclipsing Alibaba's $25 billion IPO of 2014 to become the world's largest. (Photo by - / Saudi Aramco / AFP) / == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / ARAMCO" - NO MARKETING, NO RESALE, NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==

Saudi Aramco shares rocket on debut after record IPO

Dec 11, 2019 - 6:35 PM

Saudi energy giant Aramco becomes the world's biggest listed company

A Saudi broker monitors the stock market at the Arab National Bank in the Saudi capital Riyadh on December 11, 2019. - Saudi Aramco's shares soared on their debut on the domestic stock exchange Wednesday, becoming the world's biggest listed company worth $1.88 trillion after a record-breaking IPO. Aramco had priced the initial public offering at 32 riyals ($8.53) per share, raising $25.6 billion and eclipsing Alibaba's $25 billion IPO of 2014 to become the world's largest. (Photo by Fayez Nureldine / AFP)

Aramco declares $1.71-trillion valuation in blockbuster IPO

Nov 17, 2019 - 3:43 PM

(3rd UPDATE) Aramco will sell 1.5% of the company in an initial public offering worth at least $24 billion

SET FOR IPO. A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. File photo by Fayez Nureldine/AFP

Alibaba confirms huge Hong Kong public listing worth at least $13 billion

Nov 15, 2019 - 7:11 PM

The enormous IPO will come as a boost for authorities wrestling with pro-democracy protests that have tarnished the financial hub's image for order and security and hammered its stock market

ALIBABA. In this file photo, Daniel Zhang, executive chairman and chief executive officer of Chinese e-commerce giant Alibaba Group, speaks during a ceremony to announce a strategic partnership between the Alibaba Group and Universal Beijing Resort in Beijing on October 17, 2019.  File photo by Wang Zhao/AFP

Saudi Aramco to launch giant stock offering November 17

Nov 10, 2019 - 7:48 PM

The final share price would be determined on December 5, a day after subscriptions close, in what is expected to be the world's biggest initial public offering

SAUDI ARAMCO. In this file photo taken on January 25, 2016, Saudi and Foreign investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum in the capital Riyadh. Photo by Fayez Nureldine/AFP

Saudis scramble to raise cash for Aramco IPO

Nov 06, 2019 - 3:40 PM

Retail investors in Saudi Arabia appear to be salivating at the prospect of owning a piece of the world's most profitable company

A handout picture provided by Saudi Aramco, dated December 2, 2015, shows two visitors at Aramco's Upstream Learning Development Center (UPDC)in Dhahran in eastern Saudi Arabia. - The desert kingdom announced on November 3, 2019 the stock market debut of energy giant Aramco in what could be the world's biggest IPO, underpinning Crown Prince Mohammed bin Salman's ambitions to overhaul the kingdom's oil-reliant economy. (Photo by - / Saudi Aramco / AFP) / == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / ARAMCO" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==

Huge Aramco IPO hounded by big ifs

Nov 05, 2019 - 9:30 AM

Uncertainties abound as Saudi oil giant Aramco is poised for the world's biggest initial public offering

DELAYED IPO. A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. File photo by Fayez Nureldine/AFP

Saudi regulator approves Aramco share offering

Nov 03, 2019 - 2:26 PM

The IPO is the linchpin of Crown Prince Mohammed bin Salman's plan to revamp Saudi Arabia's economy and wean it off a decades-long dependence on oil

SAUDI ARAMCO. In this file photo taken on January 25, 2016, Saudi and Foreign investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum in the capital Riyadh. Photo by Fayez Nureldine/AFP

Go cashless, help plant trees at Ipo watershed

Aug 30, 2019 - 11:29 AM

Through GCash Forest, every transaction lets you earn points you can use to plant a real tree

Use GCash app, help plant trees at Ipo Watershed

Jun 28, 2019 - 4:57 PM

PRESS RELEASE: Mobile wallet GCash is introducing a 'green' feature on the app called GCash Forest, which lets subscribers plant virtual trees that will have real-life counterparts

GCash to help reforest, protect 300-hectare area in Ipo watershed

Jun 13, 2019 - 11:15 AM

GCash, in partnership with World Wildlife Fund-Philippines, will work on the reforestation, management, and protection of the forest in Ipo watershed in Bulacan

Uber steers toward blockbuster IPO as road looks rocky

Apr 11, 2019 - 12:33 PM

Uber's IPO could result in a valuation close to $100 billion – an impressive figure but below some earlier estimates

UBER. The Uber logo is displayed on a car on March 22, 2019 in San Francisco, California. Photo by Justin Sullivan/Getty Images/AFP


After Lyft, here are 6 other tech companies planning for an IPO

Mar 30, 2019 - 11:57 AM

It's a big year for tech IPOs


Lyft revs up for an IPO seeking to raise $2.4 billion

Mar 18, 2019 - 8:30 PM

(UPDATED) Lyft's launch is the first of what is expected to be a wave of IPOs from venture-backed startups worth more than $1 billion, known in Silicon Valley as 'unicorns'

LYFT. The Lyft logo is displayed on a car on March 11, 2019 in San Francisco, California. Photo by Justin Sullivan/Getty Images/AFP

Pinterest planning 2019 stock market debut – report

Dec 20, 2018 - 2:55 PM

It boasts more than 250 million monthly active users, with most of those 'pinners' outside the United States

PINTEREST. Screen shot from YouTube video.


Uber filed paperwork for IPO, says report

Dec 08, 2018 - 2:28 PM

The move, as reported by the Wall Street Journal, comes a day after Lyft launched the process to take the company public with a stock offering

UBER. This file photo taken on March 10, 2017 shows Uber signage outside the entrance of the ride-hailing giant's office in Hong Kong. Photo by Anthony Wallace/AFP

Workplace messaging startup Slack eyes 2019 IPO – report

Sep 29, 2018 - 12:30 AM

Citing unnamed sources, The Wall Street Journal says Slack is aiming for an initial public offering (IPO) in the first half of 2019 that would value the California startup at well above the $7.1 billion it reached in its most recent funding round

SLACK IPO? Social Network applications including Facebook, Instagram, Slack, Snapchat, Twitter, Skype, Viber , Teamsnap and Messenger, are on display on a smartphone on March 21, 2018 in Washington DC. File photo by Eric Baradat/AFP

Maynilad reduces supply due to muddy water from Ipo Dam

Aug 14, 2018 - 12:31 PM

Affected are barangays in Bulacan, Caloocan, Malabon, Navotas, Valenzuela, Quezon City, Manila, Pasay, Makati, Parañaque, Las Piñas, Muntinlupa, and Cavite

SEC approves planned IPO of Del Monte Philippines

May 24, 2018 - 6:00 PM

The local unit of Del Monte Pacific Limited plans to sell 587.437 million secondary shares at an offer price of up to P29.88 per share

SEC approves planned IPO of DM Wenceslao

May 15, 2018 - 7:55 PM

The construction firm will offer 679.2 million common shares at an offer price of P22.90 per share

ASEANA CITY. The 204-hectare project of DM Wenceslao is a home to several entertainment, commercial, and residential establishments. Photo from www.dmwai.com

Discovering social tourism at the Ipo Watershed

May 04, 2018 - 12:43 PM

Our latest #WhatsNext experience was all about connecting with nature and the Sapang Munti community

DM Wenceslao to make P15.5-billion debut on PSE

Mar 07, 2018 - 6:50 PM

The proceeds would be used mainly for commercial and residential projects at the Aseana City development in Parañaque City

Spotify files $1 billion IPO, eyeing streaming growth despite losses

Mar 01, 2018 - 6:27 AM

The papers filed with the Securities and Exchange Commission offers the most detailed look yet at the finances of Spotify, with it having 159 million monthly users including 71 million paying subscribers – twice that of Apple Music

SPOTIFY. People gather in Spotify offices following a press conference on June 27, 2013 in New York City. File photo by Mario Tama/Getty Images/AFP

Duterte asked to stop illegal logging in vital Ipo Watershed

Feb 14, 2018 - 12:50 PM

A group asks President Rodrigo Duterte to look into the lack of protection for the Ipo Watershed, despite the payment by Metro Manila residents of environmental fees in their water bills

Del Monte Philippines plans P16.7-billion IPO

Feb 06, 2018 - 3:21 PM

The local unit of fruit grower and canner Del Monte Pacific is the first company to file for an initial public offering (IPO) with the Securities and Exchange Commission this 2018

Philippines AirAsia flying to Bali, Jakarta, Ho Chi Minh soon

Oct 19, 2017 - 4:49 PM

Philippines AirAsia will start flying to Ho Chi Minh on November 17 this year, and to Jakarta and Bali in January next year

Graphics by Rappler

Chelsea Logistics offers to buy Starlite Ferries

Sep 04, 2017 - 2:00 PM

Dennis Uy says the planned acquisition will bring Chelsea Logistics a step closer to fulfilling its growth commitment

PLANNED ACQUISITION. Starlite and its subsidiaries have 14 vessels in the fleet, of which 5 are RORO passenger vessels that were acquired in 2016 and 2017. Photo from Starlite official website

Chelsea Logistics stock closes in the red on PSE debut

Aug 08, 2017 - 5:55 PM

Investors take their profits after initially seeing gains on Chelsea Logistics first day of trading

PSE plans to offer more shares to bring PDS merger closer

Aug 02, 2017 - 9:51 PM

The operator of the country’s stock exchange also announces a net income drop of 7 to P345 15 million for the 1st half of this year

Chelsea Logistics' final offer price: P10.68 each

Jul 20, 2017 - 7:11 PM

This is lower compared to the P14 63 maximum offer price earlier set by the company

GO PUBLIC. Thirty percent of the company’s outstanding common shares will be listed with the Philippine Stock Exchange on August 8 under the ticker symbol 'CLC.' In the photo is Chelsea founder Dennis Uy. Photo by LeAnne Jazul/Rappler

PSE approves Dennis Uy's Chelsea Logistics IPO

Jul 19, 2017 - 5:52 PM

Priced at P14 63 each Chelsea Logistics expects to earn P7 59 billion from the initial public offering to fund its fleet expansion and acquisition of logistics and shipping firms among others

TO BE PRIME MOVER. 'Going public will further strengthen our position to serve the need for better shipping and logistics in a fast-growing economy like the Philippines,' Chelsea founder Dennis Uy says. Photo by LeAnne Jazul/Rappler

Dennis Uy's Chelsea Logistics gets SEC approval for IPO

Jul 11, 2017 - 9:10 PM

The Securities and Exchange Commission approves Chelsea Logistics Corporation s planned P8 billion initial public offering

'GREAT DAY.' 'This is a great day for us. Thank you. I hope we can get the support of the investors,' Chelsea chief Dennis Uy says. Photo by Leanne Jazul/Rappler

Eagle Cement aims to be market leader by 2020

May 29, 2017 - 5:15 PM

Investors swarm Eagle Cement s debut on the Philippine Stock Exchange as the Ang led company goes full blast in its expansion

RISE ABOVE. Eagle Cement Chairman Ramon Ang said his company aims to expand its market share to at least 25% by 2020, from the current 14%. Photo by Alecs Ongcal/Rappler

PSE approves Eagle Cement, Cebu Landmasters IPOs

May 10, 2017 - 9:10 PM

The offer period of Eagle Cement will be from May 16 to 22 while the Cebu Landmasters offering will be from May 19 to 26

Ramon Ang's Eagle Cement in race to rise above multinational giants

May 02, 2017 - 4:35 PM

Eagle Cement is the 4th largest cement producer in the Philippines To outpace the giants the Ramon Ang led firm wants to build plants in the Visayas and Mindanao

BUILDING GROWTH. Eagle Cement's competitive strength: Its end-to-end production strategy which integrates critical raw material sourcing with modern manufacturing technology. Photo from Eagle Cement

How a family business became Cebu’s top local developer

Apr 24, 2017 - 4:51 PM

Established only in 2003 Cebu Landmasters already has 11 market share of Cebu’s property scene The company is planning to launch its IPO next month

THEY BUILD WITH YOU IN MIND. Cebu Landmasters Inc’s CEO Jose Soberano III (2nd from right), flanked by his son and COO Franco (1st from right) and their employees

PH AirAsia plans to go public in 2017 for fleet expansion

Apr 03, 2017 - 12:00 AM

The local airline wants to increase its fleet from 14 to 17 jets to accommodate new operations

GOING PUBLIC. The budget carrier is mulling to go public to raise funds for its expansion programs. File photo by Rappler

Wilcon Depot gets warm reception at PSE debut

Mar 31, 2017 - 5:56 PM

The leading home improvement retailer is the first company to be listed on the stock exchange this year

WARM RECEPTION. Wilcon Depot, Inc. closed its first day on the stock exchange with warm reception from investors.

William Belo: Doing business like a crocodile

Mar 14, 2017 - 12:43 PM

After 40 years Belo s home improvement company Wilcon is now a compelling retail player with a network of 36 big box’ and community stores

BIG BOX FOUNDER. William Belo to list home improvement retailer Wilcon Depot, which he found 40 years ago

SEC approves P1.24-B IPO of Mazda PH dealer

Mar 09, 2017 - 7:40 PM

Bermaz Auto Philippines will be the first automotive company to be listed on the Philippine Stock Exchange

MAZDA. The vehicle manufacturer introduces the CX-3 during its press preview in Tokyo on February 27, 2015. File photo by Toshifumi Kitamura/AFP

Senate to Smart: Conduct IPO and we'll extend franchise

Mar 02, 2017 - 3:16 PM

The Senate public services committee removes the co use provision but retains tax exemptions for telcos with franchises

FRANCHISE EXTENSION. 'We are pressed for time. We cannot allow the franchise to expire,' says Senator Juan Miguel Zubiri, who authored Senate Bill 1302 or the bill to extend Smart's franchise. Photo by Alecs Ongcal/Rappler

Ramon Ang's Eagle Cement to go public in May

Mar 02, 2017 - 3:05 PM

The 4th largest cement firm in the Philippines is expanding its production capacities as the Duterte administration plans to spend more for infrastructure projects

3RD CEMENT FIRM. Eagle Cement will be the 3rd cement company to be listed with the Philippine Stock Exchange. The two others are Holcim Philippines Incorporated and Cemex Holdings Philippines Incorporated, which conducted an IPO in 2016. Rappler file photo

Snap future debated as popular app makes market debut

Mar 02, 2017 - 1:44 PM

Snapchat s parent company becomes largest US tech firm to make a market debut since Facebook in 2012

SNAP. The Snapchat logo is displayed on a mobile phone, March 1, 2017 in Glendale, California. Photo by Robyn Beck/AFP

Cebu Landmasters sets P12B capital spending until 2018

Mar 01, 2017 - 5:25 PM

Bulk of its planned projects over the next two years consists of 7 000 economic housing units two mixed use communities and two hotel projects in Cebu

GO PUBLIC. The leading homegrown developer in Metro Cebu wants to acquire and develop more land in the Visayas and Mindanao. Screenshot from Cebu Landmasters website

Real estate firm Cebu Landmasters wants to go public

Feb 20, 2017 - 9:10 PM

The leading homegrown developer in Metro Cebu wants to acquire and develop more land in the Visayas and Mindanao

METRO CEBU. The leading homegrown developer in Metro Cebu intends to raise up to P3.8 billion from an initial public offering this May.

Snapchat parent company stock valuation at $22.2B – report

Feb 17, 2017 - 12:11 AM

Snap reportedly sets its valuation at around 14 to 16 a share or between 19 5 billion to 22 2 billion

Snapchat parent Snap to raise up to $3-B in IPO

Feb 03, 2017 - 3:16 PM

Snap s offering on the New York Stock Exchange is the largest for a technology company in the US since Chinese based Alibaba listed in 2014

IPO. The disappearing-message social network prepares for its initial public offering. Photo by Lionel Bonaventure/AFP

The Big Chill plans IPO up to P600M

Jan 23, 2017 - 5:05 PM

Proceeds from the initial public offering will fund the company s expansion in China as it plans to make the most out of improved bilateral relations between Manila and Beijing

FRUIT SHAKE CHAIN. TBGI owns iconic brands Big Chill and Fresh Bar as well as holds franchise of Tully’s Coffee in the Asia Pacific region