Italpinas P242-M IPO approves by SEC
SEC (Securities and Exchange Commission) approves the Italpinas P242-M IPO (Initial Public Offering). Italpinas is a green building developer company, plans to offer 57.662 million common shares to public. The IPO price is set to P4.20 per share.
According to Italpinas, the proceeds from the IPO will be used to pay existing loans, finance new projects and acquisitions. So before you avail the firm’s IPO, make sure you study and read the accounting book of the company.
Italpinas also revealed their plans to develop at least $200 million worth of sustainable projects in the next six years, which include mixed-use buildings, hotels, and resorts.
November 3 to November 9 is set as the offer period, where you can avail, listing date has been tentatively set on November 16.
Italpinas Company Profile
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