Should you take part in the initial public offering (IPO) of Century Pacific Food Inc. (CNPF)?
The second IPO of the year (after Double Dragon Properties IPO) is that of CNPF, the company behind popular canned meat brands such as Century Tuna, Argentina Corned Beef, 555 sardines, and Swift, among others, plus other consumer brands such as Birch Tree milk, Angel condensada, and Kaffe de Oro.
We have highlighted several times before the value of Dividends, which are distribution of income by the company to its shareholders. Dividends may be in the form of stocks or cold, hard cash, but regardless of the method, dividend payments are always good news to investors who receive these instant and outright profits.
The company making popular canned meat brands Century Tuna and Argentina Corned Beef is scheduled to be the second company this year to conduct an Initial Public Offering.
Century Pacific Food Inc. (CNPF) is offering up to 229.65 million shares to the public, priced at no more than P14.50 (final price will be announced later today). At this offer price, the company is expected to raise around P3.3 billion.
Century Pacific Food Inc., manufacturer of branded canned tuna Century Tuna, could be the next Initial Public Offering (IPO) of the year after it recently got approval from the Securities and Exchange Commission to issue shares to the public.
Century Pacific plans to raise as much as P3.33 billion from the said offering by selling up to 229.65 million shares.
Investors who participated in the Initial Public Offering (IPO) of Double Dragon Properties enjoyed a 50% paper gain in just one day, after the stock closed at P3.00 during its first trading day in the Philippine Stock Exchange.
The 1st quarter of the year 2014 is over. The Philippine Stock Exchange index (PSEi), a basket of 30 listed companies generally considered a barometer of the country’s economic health, increased 9.15% in value during the past three months.
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According to the Chairman and CEO of Double Dragon Properties, the first company to conduct an Initial Public Offering (IPO) this year, the company’s IPO offer was 14 times oversubscribed, a sign that there may be healthy demand for the stock.
