Those expecting to make a huge profit from the initial public offering of D&L Industries (stock code: DNL) might have to wait longer, after the DNL stock fizzled in the local stock market weeks after its IPO.
In what is regarded as the final initial public offering (IPO) of the year, colorants, chemicals, and additives maker D&L Industries will issue to the public 1.071 million common shares, to be completed before the end of the year.
Each share is priced at P4.30 and the company expects to receive up to P4.6 billion from the said offering.
The D&L stock will start trading on December 12. The stock code will be DNL.