MANILA, Philippines — Maynilad Water Services Inc. has reduced the maximum offer price for its initial public offering (IPO) to P15 per share, down from the previously planned P20 per share.
This revision comes after the company secured cornerstone investors for the offering. At the new price, the prospective equity deal is valued at a maximum of P34.33 billion, a decrease from the earlier valuation of P45.8 billion.
The adjustment follows the commitment of the International Finance Corporation, signaling strong investor interest despite the price revision.
https://business.inquirer.net/550168/maynilad-lowers-ipo-price-ceiling-to-p15-per-share
