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Splash was previously looking at a price range of 8.70-11.18 pesos.
Philippines' Splash IPO priced at 8.98 pesos per share
MANILA (Thomson Financial) - The Philippines' Splash Corp, a maker of personal care products, said Tuesday it has priced its initial public offering of up to 223.8 million common shares at 8.98 pesos each, near the low end of the indicative range.
The offer starts Tuesday and ends on Nov 12, with listing on the Philippine Stock Exchange slated for Nov 15.
The proceeds will be used to fund research and brand development, marketing initiatives and acquisitions.
The IPO shares will account for 30 percent of the company's enlarged capital stock.
SB Capital Investment Corp and First Metro Investment Corp are the lead underwriters.
go to First Metro.
i'll check that site later on. thanksOriginally Posted by ajol
hurry.
many people are buying it.
it should rise to 10.50 per share
okay, actually its not me who'll go business, my friend. i'll forward this news to him sooner. thanks for the info buddy.Originally Posted by ajol
ayaw lang mog grabe ug expect sa splash mga bai...carefull lang...
huh? why u said that?Originally Posted by barloval
and why?Originally Posted by barloval
its a consumer product.
With lots of OFW dollars coming home. Cosumer spending will continue to grow.
people will buy Skin White.
My best advice is go to the supermarket and ask which beauty products are selling fast.
Originally Posted by ajol
also mga bai...observe lang pud behaviour sa market karon...its either bullish or bearish...unlike sa katong 1st quarter nga very bullish kau ang market and the ipo's are selling like hot cakes...dako jud ang upside ato...unlike now nga cautios kau ang mga traders...
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