11 months P20.7-billion IPO of AllHome gets PSE nod MB |Biz
By James A. Loyola The Philippine Stock Exchange (PSE) has approved the listing application of home improvement retailer AllHome Corporation, a firm controlled by tycoon Manuel B. Villar, paving the way for its initial public offering worth up to P20.7 billion. Documents at the PSE show, 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 percent of the company’s issued and outstanding capital stock, which will comprise a total of 3.75 billion ... more