initiation - updates

Rappler's latest stories on initiation

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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

Rappler Talk: Retired rear admiral Rommel Jude Ong on PH Navy's 'rebirth'

Nov 04, 2019 - 1:59 PM

On Monday, November 4, Rappler editor-at-large Marites Vitug sits down with retired rear admiral Rommel Jude Ong to discuss the Philippine Navy's strategic vision for the future, among others

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

Study shows Mindanao residents don't have 'go bags' for disasters

Nov 02, 2019 - 5:48 PM

Money is the biggest barrier to disaster-preparedness for the households in Mindanao, the study shows

QUAKE, Patients and residents rest outside a hospital in Makilala, North Cotabato on October 17, 2019, after a 6.3 magnitude earthquake hit the island. Photo by Geonarri Solmenaro/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

Global leaders, tycoons flock to Saudi 'Davos in desert'

Oct 30, 2019 - 12:23 PM

Organizers say 300 speakers from over 30 countries, including American officials and heads of global banks and sovereign wealth funds, attend the Future Investment Initiative (FII), nicknamed 'Davos in the desert'

DAVOS IN DESERT. Delegates wait in line ahead of a session during the Future Investment Initiative (FII) forum at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh, on October 29, 2019.  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

Business groups call Marcos' election protest a 'political distraction'

Oct 17, 2019 - 4:50 PM

The Philippines' biggest business groups say that the sooner Ferdinand Marcos Jr's protest is resolved, the sooner policymakers can move on to more important matters

Intentional? Chinese ship in Recto Bank incident 'explicitly connected' to Beijing

Oct 17, 2019 - 11:29 AM

The Asia Maritime Transparency Initiative says its new findings strongly suggest that the Chinese ship does not operate solely as a commercial fishing ship and 'raises the question of whether the collision with the Gem-Ver was intentional'

SUNKEN. Fishing Boat Gem-Vir in the West Philippine Sea after it was attacked by a Chinese fishing vessel. Sourced photo

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

Manila Water Foundation wins Quill Award for hygiene education initiative

Sep 14, 2019 - 12:15 AM

They also received an Award of Merit for championing engineers for social good

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


'Sense of urgency' as top tech players seek AI ethical rules

Sep 03, 2019 - 10:44 AM

'We are the first generation of people who have the power to build machines with the capability to make decisions that have in the past only been made by people,' says Microsoft president Brad Smith

 AI. "Han the Robot" waits on stage before a discussion about the future of humanity in a demonstration of artificial intelligence (AI) by Hanson Robotics at the RISE Technology Conference in Hong Kong on July 12, 2017. Photo for illustration purposes only. File photo by Isaac Lawrence/AFP


EXPLAINER: What is polio?

Sep 01, 2019 - 7:22 PM

The DOH says the Philippines is at high risk for poliovirus transmission. Why so? And how do we prevent the long dormant disease from coming back?

HIGH RISK FOR POLIO. The Department of Health says the Philippines is at high risk for poliovirus transmission and advices parents to get children under 5 vaccinated to prevent the disease.

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

UAAP basketball to introduce 'Video Review Initiative' in Season 82

Aug 06, 2019 - 6:25 PM

New UAAP basketball commissioner Jensen Ilagan aims to use tech-savvy initiatives for fair competition

VIDEO REVIEW. UAAP Season 82 basketball officials will review game footage after each match. File photo by Michael Gatpandan/Rappler

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

Malaysia, Vietnam show PH can stand up to China

Jul 23, 2019 - 5:41 PM

'When claimants stand up for themselves and refuse to be intimidated, Beijing most often backs down rather than uses force,' says Gregory Poling of the Asia Maritime Transparency Initiative

WEST PHILIPPINE SEA. A Philippine Coast Guard ship (R) sails past a Chinese Coast Guard ship during a joint search and rescue exercise between Philippine and US coast guards near Scarborough Shoal. Photo by Ted Aljibe/AFP

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

Kushner holds open door to wary Palestinians in Bahrain peace push

Jun 27, 2019 - 12:05 AM

Jared Kushner promises to put out the political plan at 'the right time' and says the Palestinian Authority could help its people by embracing the US recommendations

OPEN DOOR. A handout picture released by Bahrain's official news agency (BNA) shows White House adviser Jared Kushner speaking during a US-sponsored Middle East economic conference in Manama on June 25, 2019. AFP PHOTO / HO / BNA

Reforms, transparency needed for Belt and Road success – World Bank

Jun 20, 2019 - 2:10 PM

The World Bank says China's Belt and Road Initiative has the potential to boost trade and investment, but only if China and other nations make policy reforms

BELT AND ROAD. Chinese President Xi Jinping (C) and other leaders pose for a group photo session at a welcoming banquet for the Belt and Road Forum at the Great Hall of the People in Beijing on April 26, 2019. Photo by Jason Lee/Pool/AFP

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

Research group urges more accessible earthquake information to Filipinos

May 03, 2019 - 3:21 PM

A survey from the Harvard Humanitarian Initiative shows that Filipinos, especially the less educated ones, are hardly prepared for an earthquake

Lack of tenure, proper gear take toll on Mindoro's tamaraw rangers

May 01, 2019 - 8:48 PM

(UPDATED) These rangers have devoted their lives to protecting the tamaraws despite lack of tenure, lack of proper tools and gear, and the dangers that come with the job

PROTECTION. Tamaraws are not only endemic in the Philippines but also critically endangered. Photo from D'Aboville Foundation

Xi says more nations joining Belt and Road, $64B in deals

Apr 28, 2019 - 8:00 AM

Chinese President Xi Jinping pledges 'clean and green development' and financial sustainability under the Belt and Road Initiative, but critics remain wary

Chinese President Xi Jinping (C), his wife Peng Liyuan (next to Xi) and other leaders pose for a group photo session at a welcoming banquet for the Belt and Road Forum at the Great Hall of the People in Beijing on April 26, 2019. (Photo by JASON LEE / POOL / AFP)

China's Xi aims to soothe Belt and Road fears

Apr 26, 2019 - 11:35 PM

In a speech kicking off a Belt and Road Initiative summit, Xi Jinping also offers soothing remarks to the US over subsidies, the yuan, and trade as the two sides head into fresh high-level talks next week

BELT AND ROAD INITIATIVE. Chinese President Xi Jinping seeks to soothe concerns about his ambitious Belt and Road Initiative. File photo by Fred Dufour/AFP

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

Indonesia polls bring battle over China's Belt and Road push

Apr 14, 2019 - 11:49 AM

Incumbent President Joko Widodo still pushes for Chinese investment, while his opponent Prabowo Subianto wants to review their deals with the Asian economic giant

OPPOSING VIEWS ON CHINA. Electoral opponents incumbent Indonesian President Joko Widodo (2nd from R) and Prabowo Subiano (2nd from L) gesture during the draw for 2019 presidential election at election commission office in Jakarta on September 21, 2018, as vice president candidates Maruf Amin (R) and Sandiaga Uno (L) look on. Photo by Bay Ismoyo/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

Duterte gov't hit over China vessels near Pag-asa

Mar 30, 2019 - 3:50 PM

President Rodrigo Duterte never took China's abuses in the West Philippine Sea seriously, says senatorial bet Gary Alejano

CHINESE SHIPS. The Asia Maritime Transparency Initiative (AMTI) of the Washington-based Center for Strategic and International Studies (CSIS) monitors dozens of Chinese vessels near Pag-asa Island (Thitu Island) after the Philippines begins constructing there. Photo courtesy of CSIS/AMTI/DigitalGlobe

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


China's Xi says new Silk Road runs both ways as Italy signs up

Mar 22, 2019 - 11:16 PM

Italy has rolled out the red carpet for Xi Jinping, who will on March 23 sign a memorandum of understanding for Rome to join the $1 trillion Belt and Road Initiative

NEW SILK ROAD. This photo taken and handout on March 22, 2019 by the Quirinale Presidential Press Office shows Italy's President Sergio Mattarella (L) and Chinese President Xi Jinping shaking hands after addressing a press conference following their meeting at the Quirinale presidential palace in Rome, as part of a two-day visit to Italy. AFP PHOTO / QUIRINALE PRESS OFFICE