China Bank

AG Finance (AGF) IPO: Stock rises on market debut

A micro-finance company quietly debuted on the Philippine Stock Exchange on August 13, with its stock price slightly increasing by 0.92% versus its IPO price.

AG Finance  Inc. (stock code: AGF), the third company to conduct an Initial Public Offering (IPO) this year, is in the business of providing consumer loans, particularly to Overseas Filipino Workers (OFW) and salaried employees.

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San Miguel Corp. (SMC) ‘Series 2’ Preferred Shares

A few days ago, I drove by a Petron outlet to gas up and noticed a poster advertising San Miguel Corporation (SMC)‘s public offering of its “Series 2” Preferred Shares. There’s nothing illegal about the advertisement. SMC is a primary stockholder of Petron Corp. and they can advertise anything in any of their Petron branches.

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