Maynilad eyes P34-B equity deal at max IPO price of P15 per share

MANILA, Philippines — Maynilad Water Services Inc. has reduced the maximum price for its initial public offering (IPO) to P15 per share. This adjustment values its stock market debut at P34.33 billion, down from the previously estimated P45.8 billion.

Maynilad President Ramoncito Fernandez told reporters on Wednesday that they opted to trim their maximum offer price from P20 to P15 per share.
https://business.inquirer.net/550195/maynilad-trims-ipo-maximum-price-to-p15