IDC raises PhP207-M from equity offering

December 8, 2015 7:30 am 

151207143711Atty. Jose Leviste III (left), Italpinas Development Corporation (IDC) president, says shares allocated to local small investors (LSI) are oversubscribed by about 2.5 times while the order book is about three times during a press conference held at the Philippine Stock Exchange (PSE) along Ayala Avenue, Makati City after the company’s Initial Public Offering (IPO) on Monday (Dec. 7, 2015). ìWe now see a lot of retail investors putting their money in the stock market. And I believe this is a growing trend that will eventually accelerate,î he added. The company raised PhP207 million from the equity offering. Beside Leviste is Unicapital Inc. Managing Director Leonardo Arguelles Jr. (PNA photo by Ben Briones)
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