INQUIRER.net: RWM’s Travellers prices IPO at P11.28 per share

INQUIRER.net Philippine News for Filipinos

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RWM's Travellers prices IPO at P11.28 per share Oct 17th 2013, 00:43 MANILA, Philippines — Resorts World Manila operator Travellers International Hotel Group Inc. has priced its initial public offering at P11.28 per share, the middle of the indicative range, bringing the size of its stock debut at $473 million.   Lauro Baja, managing director of investment bank UBS Philippines, said this IPO pricing would allow Travellers - an integrated gaming and entertainment partnership between tycoon Andrew Tan-led Alliance Global Group Inc. and the Genting group - to achieve a market capitalization of $4.2 billion.   "The international tranche was five times oversubscribed with over 100 investors," Baja said early Wednesday in a text messag... Keep on reading: RWM’s Travellers prices IPO at P11.28 per share

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