Ricardo Bella

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.

Read More