Tag: IPO

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UBS scoops 144.3M shares to steady Maynilad

Maynilad Water Services Inc.’s market debut came with a splash and a safety net. UBS AG Singapore Branch, acting as the stabilization agent for the utility’s initial public offering, snapped up a hefty 144.3 million Maynilad shares during the stabilization window after the stock slipped below its P15 IPO price.

Ayala’s Mynt secures SEC nod for capital stock change

Ayala Corp., the diversified investment holding company of the Ayala Group, said that the Securities and Exchange Commission (SEC) has approved the amendment of...

Strong IPOs begin long before listing day—Unicapital

As the Philippine initial public offering (IPO) market continues to feel the drag of global headwinds in 2024 and 2025, investor sentiment remains cautious and companies are in no rush to go public. Yet while the pipeline may be quiet, it is far from empty — especially in sectors like infrastructure, healthcare, energy, consumer goods, and tech-enabled services, where growth potential still sparks investor interest.

Globe Fintech stock split fuels GCash IPO speculation

Globe Fintech Innovations Inc., the operator of mobile payments platform GCash, has announced that its board has approved a stock split—widely seen as a potential prelude to a future initial public offering (IPO).

Top Line starts IPO, aims to raise P624.6M for expansion

Top Line Business Development Corp. launched its week-long initial public offering (IPO) on Monday, aiming to sell 22 percent of the Cebu-based company to raise approximately P624.6 million.

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Volatile global market drives mixed fuel adjustments this week

Local motorists face mixed price adjustments at the pumps this week as gasoline and diesel prices move in opposite directions.

All-electric rail projects set to reshape local commutes

The Department of Transportation has approved 12 major rail projects valued at over $30 billion, marking a significant shift after decades of slow progress in the country's transit sector. Undersecretary for Railways Timothy John Batan reported that seven of these major projects are currently under construction, one is finished, and six are slated to open within the next seven years. In a push for environmental sustainability, all 12 networks are designed as fully electric railway systems.

Meralco: No disconnection for pending billing complaints, ERC suspension in force until July

Meralco clarified that customers with pending billing disputes will not have their power cut, and do not need to pay the contested amount while their cases are being reviewed. The announcement follows recent social media concerns over billing issues. The firm also noted that the Energy Regulatory Commission’s nationwide suspension on disconnections for all unpaid bills from May to July 2026 remains in effect. Meralco urged customers to raise questions through official channels, adding that all concerns are being assessed and resolved promptly.

Globe keeps mobile lead, drives data and personalized service growth

Globe has maintained its top position in the Philippine mobile market, boosted by ongoing investments in network quality, customer experience and new technologies.

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