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Top Line Makes Market Debut
The Philippine Star
|April 09, 2025
Top Line Business Development Corp. has ushered in this year's listings at the Philippine Stock Exchange (PSE), making its market debut yesterday after raising P732.6 million from an oversubscribed initial public offering (IPO).
Top Line said that its IPO of 2.15 billion primary common shares with an overallotment option of up to 214.84 million secondary shares at P0.31 apiece received strong market interest from both local and foreign institutional investors, as well as retail investors.
The company listed its shares on the main board of the PSE with a public float of 22 percent.
Top Line shares, however, closed at P0.30 on its first trading day, 3.23 percent lower than its offer price of P0.31.
Diese Geschichte stammt aus der April 09, 2025-Ausgabe von The Philippine Star.
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