3 months AllHome tightens IPO price to P11.50-P14.00 MB |Biz
By James A. Loyola Home improvement retailer AllHome Corporation, a firm controlled by tycoon Manuel B. Villar, has tightened its initial public offering (IPO) price range to P11.50 to P14.00 per share. This translates to an offering size of P14.88 billion to P18.11 billion as against the earlier maximum offer price of P16.00 per share which would have raised up to P20.7 billion. AllHome will offer 750 million new common shares along with 375 million existing common shares currently held by AllValue Holdings Corporation, which has the option to offer 168.75 million more shares. The offer shares represent 34.5 ... more