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SEC hopes for Maynilad's P49-B IPO by midyear
Business World Philippines
|May 13, 2025
THE Securities and Exchange Commission (SEC) is hoping the P49-billion initial public offering (IPO) of Pangilinan-led Maynilad Water Services, Inc. will proceed by midyear.
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“We're hoping it really pushes through middle of the year,” SEC Commissioner McJill Bryant T. Fernandez told reporters last week.
“We're waiting for the subsequent submissions in relation to their application,” he added.
Maynilad is targeting an offer period from June 25 to July 2, with a listing date on July 10, based on its latest prospectus dated March 14. The final offer price will be disclosed to regulators on June 24. The IPO will involve up to 2.46 billion common shares priced at a maximum of P20 each.
Despite tariff uncertainties, Maynilad Chairman Manuel V. Pangilinan said the company is pushing through with its market debut this year.
“We have to go public by the early part of 2027. We just want to probably finish and comply with the franchise law of Maynilad. I'd like to encourage them to proceed,” he said.
This story is from the May 13, 2025 edition of Business World Philippines.
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