MANILA, Philippines — Food and beverage manufacturer Del Monte Philippines Inc. (DMPI) has revived its plan to debut on the local stock exchange with an application to sell as much as P44 billion of shares.
Based on an offer prospectus dated April 27 filed at the Securities and Exchange Commission, DMPI plans to place out up to 699.33 million secondary shares plus an over-allotment option of up to 104.9 million shares. The shares will be offered at a maximum price of P54.80 per share.
Morgan Stanley and Credit Suisse were mandated as joint global coordinators and book runners. CLSA and DBS are the joint international book-runners while BDO Capital and BPI Capital are the joint lo…
Keep on reading: Del Monte PH revives plan for P44 billion IPO