Initial Public Offering

Property company Pro-Friends to IPO in 2014

Another low-cost housing developer is set to issue shares to the public for the first time, following the announcement of Property Company of Friends (Pro-Friends) that they will conduct an initial public offering before the end of the year.

Pro-Friends is a property development company that started in 1999 and has completed 15 projects so far. They focus on the low-cost housing market segment building affordable subdivisions, townhouses and mid-rise condominiums in Cavite, Iloilo and Metro Manila.

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Frontier Oil withdraws IPO plan

After deferring its Initial Public Offering (IPO) plan slated last year, upstream oil exploration firm Frontier Oil Corp. (FOC) finally informed the Philippine Stock Exchange (PSE) last week that it is abandoning its planned listing in the local stock exchange.

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Pilipinas Shell IPO coming soon?

ipo-initial-public-offeringAfter more than 16 years of snubbing the Oil Deregulation Law, is Pilipinas Shell Petroleum Corp. (PSPC) finally ready to conduct an Initial Public Offering (IPO)?

This seems to be the case, as confirmed by Pilipinas Shell country chairman Edgar Chua, during last week’s forum in Makati, that the company is “preparing for an IPO”.

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What’s next for Double Dragon Properties (DD)?

Without a doubt, property developer Double Dragon Properties (DD) is the latest darling of investors in the Philippine Stock Exchange. In just 6 weeks, the stock has skyrocketed to a high of P10.96 per share — roughly a 450% increase from its P2.00 IPO price.

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Century Pacific (CNPF) stock up 10.6% on 1st trading day

The stock of the company behind Century Tuna, Swift and Argentina Corned Beef debuted strongly in the Philippine Stock Exchange (PSE), closing at P15.20, an increase of 10.6% from its initial offer price.

Century Pacific Food Inc. (CNPF) opened at P15.50 and reached a high of P16.04 during its first trading day earlier today, with more than 61 million shares traded. It reached a low of P15.00 during today’s trading.

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