Metro Manila’s West Zone concessionaire Maynilad Water Services, Inc. has decided to exercise in full the ₱5.32 billion upsize portion of its ₱34.33 billion initial public offering in response to strong investor demand for the firm’s stock.

In a statement, Maynilad said that, after the start of the company’s IPO offer period on Oct. 23, the Joint Global Coordinators and Joint Bookrunners, in consultation with Maynilad and its par

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