MANILA, Philippines — Maynilad Water Services Inc. has reduced the maximum offer price for its initial public offering (IPO) to P15 per share from the previously planned P20 per share. This adjustment comes after securing commitments from cornerstone investors.
With the revised offer price, the prospective equity deal is now valued at up to P34.33 billion, down from the earlier estimate of P45.8 billion. The move follows the commitment by the International Finance Corporation, signaling strong investor interest despite the price adjustment.
https://business.inquirer.net/550168/maynilad-lowers-ipo-price-ceiling-to-p15-per-share