IPO

Initial Public Offering (IPO): Harbor Shipping Services Inc. (TUGS)

Shipping services provider and tugboat operator Harbor Shipping is finally pushing through with its Initial Public Offering (IPO) after deciding to defer it in July 2013 due to market volatility.

The company disclosed to the Philippine Stock Exchange (PSE) that it will offer shares to the public for the first time at no more than P2.50 per share and that the company will be listed and start trading on the exchange on October 30.

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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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Del Monte (DMPL) stock lower on first trading day

Food and beverage maker Del Monte Pacific Ltd., owner of the Del Monte and Today’s brands of pineapple, tomato and mixed-fruit products, started trading on the Philippine Stock Exchange (PSE) today and closed at P27.20, down 8.72% from its initial listing price of P29.80.

DMPL shares hit an intra-day high of P30.00 and a low of P26.55 before closing at P27.20 on its first trading day.

The company got approval from the PSE to offer its shares to the public but not through the traditional way of Initial Public Offering but through the alternative Way of Introduction.

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Asia United Bank (AUB): Initial Public Offering (IPO)

The Rebisco-owned bank, Asia United Bank (AUB), will be the second bank and the second company this year to have an initial public offering (IPO).

The bank recently announced that it will be offering more than 88 million shares to the public for the first time, priced at P95 per share.

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IPO update: PBB stock rises 15.4% on first trading day

The first initial public offering (IPO) the year yielded a one-day gain of 15.40% for those who bought the Philippine Business Bank (PBB) stock during its offer period.

Yesterday, February 19, marked the first day of listing and trading on the Philippine Stock Exchange of Philippine Business Bank, a thrift bank owned by the family of former Ambassador Alfredo M. Yao, also the owners of budget airline Zest Air and fruit juice drink Zest-O.

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