DM Wenceslao’s P15.5B IPO eyed this semester

Construction and infrastructure group DM Wenceslao and Associates Inc. aims to pursue a P15.5-billion initial public offering (IPO), reviving a capital-raising initiative first hatched three years ago, within the first semester. DMWAI filed on Tuesday a new prospectus at the Securities and Exchange Commission for the offering of up to 679.2 million shares, or about 20 percent of the company's total issued shares to the public. Reginald Cariaso, managing director at BPI Capital which is a joint global coordinator and bookrunner for the IPO together with Maybank, said the plan would be to launch the offering within the first half of 2018. This is subject to regulatory approvals...Keep on reading: DM Wenceslao’s P15.5B IPO eyed this semester

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