[ad_1]
MANILA : Philippines’ Financial institution of Commerce priced its preliminary public providing at 12 pesos (US$0.23) per share on Friday, the corporate stated in a inventory trade submitting, making it the primary lender to listing on the inventory trade in 9 years.
The financial institution, owned by conglomerate San Miguel Corp, will increase 3.37 billion pesos (US$64.45 million) within the Southeast Asian nation’s fourth preliminary public providing this 12 months. Worth steering and most submitting value was as much as 12.50 apiece, with itemizing set on March 31.
(US$1 = 52.30 Philippine pesos)
(Reporting by Neil Jerome Morales; Modifying by Martin Petty)
[ad_2]
Source link