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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Chowking doubles down on value as consumers tighten spending 

As Filipino households become more cautious with everyday spending, Chowking is sharpening its value-for-money strategy, betting that affordable, satisfying meals will remain a key draw for consumers navigating higher living costs.

Saudia jet host parked PAL plane

A Saudia Airlines Boeing 787 struck a parked Philippine Airlines (PAL) Airbus A320 while maneuvering at the Ninoy Aquino International Airport late Tuesday, damaging both aircraft and forcing the cancellation of the Saudia flight to Jeddah. The incident occurred at around 11:38 p.m. when the Saudia jet's left wingtip hit the rudder of the PAL aircraft parked at Bay 25. No injuries were reported, and PAL said its aircraft had no passengers or crew on board. The airline withdrew the aircraft from service pending inspection as aviation authorities investigate the cause of the ground collision. (Marjohara Tucay)

Grab expands EV charging to accelerate cleaner urban transport

Grab Philippines is expanding its electric vehicle (EV) ecosystem through new partnerships with ACMobility and EVOxCharge, giving electric taxi and transport network vehicle service (TNVS) drivers wider access to charging stations as the company pushes to make cleaner transport more practical and affordable.

Philippines ranks second in ASEAN for AI job exposure

The Philippines has emerged as the second most AI-exposed labor market in Southeast Asia, highlighting both the country's growing digital competitiveness and the urgent need to prepare workers for a workplace increasingly shaped by generative artificial intelligence (GenAI).

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