Maynilad lowers IPO price ceiling to P15 per share
MANILA, Philippines — Maynilad Water Services Inc. has cut the maximum offer price for its initial public offering (IPO) to P15 per share from P20 per share after locking in cornerstone investors. This values the prospective equity deal at P34.33 billion at the most, down from P45.8 billion previously. It follows the commitment of International Finance