ALLHOME Corp., the retailer controlled by former politician turned businessman Manuel B. Villar, on Thursday set its price for its initial public offering (IPO) at P11.50 per share for a total offer size of P14.88 billion.
The price was at the lower band of its price range of between P14 and P11.50 per share.
AllHome will offer 750 million new common shares along with 375 million existing common shares currently held by All Value Holdings Corp., which has the option to offer 168.75 million more shares.
All Value is the privately held retail venture of the Villar family.
The offer shares of AllHome represent 34.5 percent of the company’s issued and outstanding capital stock, which will comprise a total of 3.75 billion shares after the maiden offering, and assuming full exercise of the overallotment option.
The AllHome IPO will run from September 30 to October 4 this year.
Proceeds from the issuance of new shares will be used by the company for capital expenditures and initial working capital for store network expansion, debt repayment and general corporate purposes.
AllHome has tapped UBS AG, Singapore Branch as sole global coordinator and joint book runner, CLSA Ltd. and Credit Suisse (Singapore) Ltd. as joint book runners, and PNB Capital and Investment Corp. and China Bank Capital Corp. as domestic underwriters.
1 comment
all pets of vista made 10x++ from Starmall (manuela) to Camella and Bria
i take it over sub in the otc as early as now
swerteh ng meh allocation dineh @11.50 good job LB