Tag: IPO

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Farmer’s son turns coconut night climb into code

For generations, the work of a mananguete has depended on strong legs, steady hands and a willingness to climb towering coconut trees in the dead of night. For mechanical engineer Arniel “Maxi” Cunahap, it also became the inspiration for a patented invention that could transform one of Philippine agriculture’s most dangerous jobs.

SEC rewriting IPO public float playbook

The Securities and Exchange Commission is redrawing the rulebook for companies eyeing a stock market debut, proposing a tiered minimum public ownership (MPO) framework that could make it easier—especially for large firms—to list on the Philippine Stock Exchange.

Maynilad ignites Philippine IPO revival 

The Philippines staged a strong comeback in equity capital markets in 2025, powered by the blockbuster initial public offering of Maynilad Water Services, Inc., which ranked as the third-largest IPO in Southeast Asia, according to Deloitte’s Southeast Asia IPO Capital Market Report 2025.

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...

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GSIS, TESDA train 15 Cebu dependents in automotive skills for jobs, livelihood

The Government Service Insurance System (GSIS), working with the Technical Education and Skills Development Authority (TESDA), has provided automotive servicing training to 15 dependents of GSIS members and pensioners in Cebu, opening pathways to employment, steady income, and small business ownership.

FDC net income dips 6% in first nine months even as revenues climb 10% 

Filinvest Development Corp., the listed holding company of the Gotianun group, reported Thursday that its attributable net income slipped 6 percent to P10.8 billion in the first nine months of the year, from P11.48 billion recorded in the same period last year. Despite the slight decline in bottom-line earnings, total revenues and other income rose 10 percent year-on-year to reach P99 billion, up from P81.18 billion a year earlier.

First Gen nine-month recurring net income rises slightly to P12.5B amid portfolio shift

First Gen Corp. posted a attributable recurring net income of P12.5 billion for the first nine months of 2026, edging higher from the P12.1 billion recorded in the same period a year earlier, the company announced Thursday.

Citicore Renewable net income more than doubles to P2.15B in 9 months

Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.

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