INQUIRER.net: Discovery World IPO slated for Aug. 12-19

INQUIRER.net Philippine News for Filipinos

Discovery World IPO slated for Aug. 12-19 Jul 25th 2013, 23:27 MANILA, Philippines—The Philippine Stock Exchange has given its nod to the P1-billion initial public offering planned by Discovery World Corp., developer of upscale beachfront resort Discovery Shores Boracay.   Based on an offering memorandum posted by the PSE on Friday, Discovery World's IPO will run from Aug. 12 to 19 while listing on the main board of the local bourse is tentatively set for Aug. 29.   Discovery World will sell 306 million new common shares at P3.28 per share, bringing 40 percent of its stocks under public ownership. The issue manager and underwriter for the offering is Abacus Capital & Investment Corp.   The company plans to ... Keep on reading: Discovery World IPO slated for Aug. 12-19 Media files: Discovery-Shores-1.jpg (image/jpeg)

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