initial public offering - updates

Rappler's latest stories on initial public offering

ARTICLE FINDER

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)

Subscribing to IPOs can now be done via smartphones

Nov 18, 2019 - 1:25 PM

After registration on the PSE EASy website, local small investors can use the app to subscribe to shares whenever there is a maiden offering

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

Fruitas prices IPO at P1.68 per share

Nov 14, 2019 - 6:45 PM

Fruitas' offer period is scheduled from November 18 to 22

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 bourse sags as giant Aramco listing looms

Nov 03, 2019 - 10:45 PM

'If oil prices drop or Aramco stock falls, it is such a large part of Tadawul, it could bring the entire stock market down,' warns analyst Ellen Wald

A Saudi man monitors stock prices at Tadawul Saudi bourse in Riyadh on November 3, 2019. - Saudi Aramco confirmed it planned to list on the Riyadh stock exchange, describing it as a "significant milestone" in the history of the energy giant. (Photo by FAYEZ NURELDINE / AFP)

Saudi oil giant Aramco heads for record-setting market debut

Nov 03, 2019 - 9:50 PM

After years of delay, Aramco says it plans to sell an unspecified number of shares on the Riyadh stock exchange

Yasir al-Rumayyan, chairman of Saudi Aramco, speaks during a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019. - Saudi Aramco confirmed it planned to list on the Riyadh stock exchange, describing it as a "significant milestone" in the history of the energy giant. (Photo by - / 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

Aramco IPO will be Saudi crown prince's decision – minister

Oct 30, 2019 - 7:00 PM

Saudi Arabia's energy minister says Crown Prince Mohammed bin Salman will dictate the timing of Aramco's long-delayed 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 Aramco says IPO timing depends on 'market conditions'

Oct 21, 2019 - 1:00 AM

The prospect of the world's most profitable firm falling short of a $2-trillion valuation is widely considered the reason the initial public offering has been delayed

A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq –- the world's largest oil processing facility –- and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf region. (Photo by Fayez Nureldine / AFP)

SEC approves Fruitas stock market debut

Oct 17, 2019 - 8:10 PM

Fruitas aims to raise some P1.2 billion to fund its expansion plans

After getting fresh capital, Metro Pacific Hospitals scraps IPO plan

Oct 15, 2019 - 3:10 PM

Metro Pacific Hospital Holdings says goodbye to its IPO plan for now, after getting a massive fresh capital infusion of P35 billion from a consortium led by global investment firm KKR

SHELVED. Metro Pacific Hospitals postpones its plans to go public after getting fresh capital from an investment firm. Screenshot from Makati Medical Center's online virtual tour

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