INQUIRER.net: Robinsons Retail to launch up to P41.9B IPO this October

INQUIRER.net Philippine News for Filipinos

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Robinsons Retail to launch up to P41.9B IPO this October Oct 3rd 2013, 23:57 MANILA, Philippines -- GOKONGWEI-led Robinsons Retail Holdings Inc. has firmed up an initial public offering (IPO) worth as much as P41.9 billion to be launched at the end of October, debuting as a multi-format retail play anchored on the consumption-driven Philippine economy. In a memorandum posted on the Philippine Stock Exchange, Robinsons said it would offer up to 484.75 million primary common shares at a maximum price of P86.64 per share. This will consist of a base offer of as much as 461.9 million shares and an overallotment option of up to 22.85 million shares. This offering will bring to the public hands at least 33.91 percent of the retailer's shares, which may increase t... Keep on reading: Robinsons Retail to launch up to P41.9B IPO this October Media files: pse.jpg (image/jpeg)

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