Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay.
The setting of the final offering price, which puts the IPO size at a maximum of ₱34.35 billion, was first reported by InsiderPH and confirmed by stock market sources with one citing a banker involved in the deal.
Last week, Maynilad
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