initial public offering - updates

Rappler's latest stories on initial public offering

ARTICLE FINDER

AllHome gets relatively warm welcome, gains 0.5% on PSE debut

Oct 10, 2019 - 7:20 PM

The initial public offering of AllHome, owned by richest Filipino Manny Villar, is the biggest listing on the Philippine Stock Exchange since 2016

Axelum falls over 6% on opening day, but points to 'long-term play'

Oct 07, 2019 - 6:00 PM

On its listing day, Axelum becomes 'collateral damage' in an uncertain market environment

WeWork to withdraw IPO as it enters austerity mode

Oct 01, 2019 - 6:15 PM

WeWork co-CEOs Artie Minson and Sebastian Gunningham say the company will focus on its core business for now

COWORKING. People walk out of the coworking space WeWork in the Williamsburg neighborhood in Brooklyn, New York City, on March 26, 2019. Photo by Spencer Platt/Getty Images/AFP

Budweiser maker InBev prices IPO to raise $5 billion

Sep 24, 2019 - 7:25 PM

The initial public offering of AB InBev's Asia unit Budweiser Brewing Company APAC Ltd is the world's second biggest IPO for 2019

Aramco says ready for 2-stage IPO, timing up to Saudi gov't

Sep 11, 2019 - 6:30 PM

The Saudi government has not given any explanation for the delays in Aramco's initial public offering, which could be the world's biggest stock sale

OIL PRODUCTION. A picture taken on May 10, 2016, shows Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in Saudi Arabia. File photo by Ian Timberlake/AFP

Fruitas files for P1.2-billion IPO

Sep 09, 2019 - 4:55 PM

Fruitas plans to offer shares priced P1.99 each at most by November 2019

Cal-Comp's calculated move: Go public as market jitters ease

Sep 03, 2019 - 6:15 PM

Cal-Comp Technology, known for its calculators and other electronic products, plans to go public in November 2019

Photo from Cal-Comp


PSE approves AllHome, Axelum IPOs

Aug 28, 2019 - 7:30 PM

AllHome is set to be offered at a maximum price of P16 per share, while Axelum's price is at most P6.81. The offer period starts September 2019.


SEC approves stock market debut of Manny Villar's AllHome

Aug 19, 2019 - 6:25 PM

The Securities and Exchange Commission approves the planned initial public offering of Manny Villar's AllHome and coconut product manufacturer Axelum Resources

Fruitas bullish for 2019, IPO soon?

Jul 30, 2019 - 2:45 PM

Fruitas sees P2 billion in consolidated revenues and 1,000 kiosks in 2019

Kepwealth Property gets nod for IPO in August 2019

Jul 25, 2019 - 5:45 PM

Philippine Stock Exchange president Ramon Monzon hopes Kepwealth's move will encourage other companies that pushed back their initial public offering plans

Manny Villar's AllHome eyeing to go public in 2019

Jul 18, 2019 - 8:50 PM

If AllHome Corporation's initial public offering pushes through, it would be the 4th listed company of Manny Villar, the richest Filipino

Saudi Arabia committed to Aramco IPO – crown prince

Jun 16, 2019 - 10:25 PM

The planned initial public offering of Saudi Arabian oil conglomerate Aramco is expected to be the world's largest stock sale

A picture taken on May 10, 2016 shows over Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. - Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of the company in what officials say will be the world's largest-ever share offering, while transforming Saudi Aramco into "a global industrial conglomerate". By 2020 the company says it will have tripled its gas processing capacity from levels at the turn of the century. (Photo by IAN TIMBERLAKE / AFP)

PSE rolls out IPO subscription platform

Jun 03, 2019 - 5:20 PM

PSE EASy enables local small investors to subscribe to shares online whenever there is an initial public offering

Luckin Coffee, Starbucks' rival in China, files for U.S. IPO

Apr 23, 2019 - 2:52 PM

Luckin estimates its offering size at $100 million in its filing Monday, April 22, with the US Securities and Exchange Commission. It notes the figure is only set to calculate registration fees.

LUCKIN IPO. A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. File photo by Wang Zhao/AFP

Uber sets IPO in motion, seeks to 'ignite opportunity'

Apr 12, 2019 - 7:04 PM

The filing with the Securities and Exchange Commission contains no specific pricing or timing for the market debut for Uber, which according to media reports is expected to raise some $10 billion

UBER IPO IN MOTION. In this file photo taken on May 8, 2018 the Uber logo is seen at the second annual Uber Elevate Summit at the Skirball Center in Los Angeles, California. File photo by Robyn Beck/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


Workplace messaging startup Slack to go public

Feb 05, 2019 - 11:01 AM

Slack, which claims some 10 million users in 150 countries, has been valued at $7.1 billion, as reported in August 2018 after a round of funding


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

Shares in China's Xiaomi fall on Hong Kong debut

Jul 09, 2018 - 10:38 AM

Known for their budget phones, the Chinese tech giant stumbles as it debuts in Hong Kong's stock market

COMEBACK. A Xiaomi phone on display in the Philippines where it relaunched in March 2018. Photo by Kyle Chua/Rappler


Bad timing? DM Wenceslao limps in market debut

Jun 29, 2018 - 5:18 PM

Analysts agree that DM Wenceslao is a good company, but in a bad, bearish market

Xiaomi lowers target as it kicks off IPO

Jun 21, 2018 - 3:17 PM

Xiaomi is offering 2.18 billion shares at HK$17-HK$22 apiece, according to Bloomberg News, which now values it at about $53.9-$69.8 billion

XIAOMI. The Xiaomi logo is pictured at the Mobile World Congress (MWC), the world's biggest mobile fair, on February 28, 2018 in Barcelona. File photo by Pau Barrena/AFP

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

Foxconn unit to raise $4.2 billion in China IPO

May 23, 2018 - 2:04 PM

Foxconn Industrial Internet, which makes electronic devices, cloud service equipment and industrial robots, will float 10% of its total shares, according to a prospectus filed late Tuesday, May 22, with the Shanghai stock exchange.

FOXCONN. This picture taken on February 22, 2013 shows a young man walking past a Foxconn recruitment point in Shenzhen, south China's Guangdong province. Photo by AFP

Despite regional challenges, AirAsia pushes IPO of Philippine unit

May 17, 2018 - 5:34 PM

Tony Fernandes, chief of Southeast Asia's largest low-cost carrier, says the Philippines is the airline's 'best kept secret,' with a lot of destinations waiting to be recognized

STRONG PERFORMER. AirAsia Group head Tony Fernandes: 'The Philippines is our best kept secret and we're about to open that.' Photo by Chrisee Dela Paz/Rappler

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

China's Xiaomi submits HK filing, with big IPO expected

May 03, 2018 - 2:41 PM

If confirmed, a share offering in the former British colony would be a coup for Hong Kong, which was said to be vying with New York and Shanghai for Xiaomi's listing

XIAOMI. The Xiaomi logo is pictured at the Mobile World Congress (MWC), the world's biggest mobile fair, on February 28, 2018 in Barcelona. File photo by Pau Barrena / AFP

Spotify soars in $26 billion stock debut

Apr 04, 2018 - 8:25 AM

In one of the largest public offerings ever in the tech sector, Spotify on its first day topped the market capitalization of other high-profile recent market entrants, including Twitter, Snapchat parent Snap and Dropbox

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

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

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

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

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