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Maynilad Delays IPO to Accommodate Cornerstone Investors
The Philippine Star
|June 24, 2025
West Zone concessionaire Maynilad Water Services Inc. is adjusting its proposed initial public offering (IPO) timetable to accommodate demand from potential cornerstone investors.
Maynilad has submitted an updated timetable to the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE), with its target listing date now eyed to be no later than the end of October.
The company was originally aiming to be listed on the main board of the PSE on July 17 under the trading symbol "MYNLD."
The updated proposed IPO timetable of the water utility was in response to robust potential demand from strategic cornerstone investors.
Maynilad said these investors have conveyed strong and sustained interest in participating in the offering, but requested additional time to complete their internal approval processes.
This story is from the June 24, 2025 edition of The Philippine Star.
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