eTelecare to list 28.9M shares on Nov. 20

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Philippine-based business process outsourcing company eTelecare is set to list 28.9 million shares on the Philippine Stock Exchange on Tuesday, November 20.

eTelecare Global Solutions (Stock Code: ETEL) will list its initial shares by way of introduction or without the need for an initial public offering (IPO).

The shares have a par value of P2.00 and the opening price will be based on the closing price of ETEL’s American Depository Receipts (ADR) at the NASDAQ on the trading day prior to the listing date.

About the Author

James Ryan Jonas teaches business strategy, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.1 Billion ($56 Million) worth of retirement funds on behalf of thousands of UP employees.

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