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Maynilad sets final IPO price at P15 per share
The Philippine Star
|October 22, 2025
Maynilad Water Services Inc. has finalized the offer price for its upcoming initial public offering (IPO) at P15 per share, potentially raising up to P34.3 billion.
The final price is lower than the previously indicated maximum of P20 per share.
Maynilad said the offer price was determined through a book building process and discussions among the company, joint global coordinators and joint bookrunners.
“The gross proceeds from the offer will be P34.33 billion, assuming the full exercise of the overallotment option and the upsize option, as detailed in the use of proceeds section of the prospectus for the offer,” the company said.
Maynilad will be selling up to 1.66 billion primary common shares to the public and a preferential offer of up to 24.90 million primary common shares to First Pacific Co. Ltd. from Oct. 23 to 29, 2025.
The IPO will also have an overallotment option shares of up to 249.05 million primary common shares and an upsize option of up to 354.70 million secondary common shares.
This story is from the October 22, 2025 edition of The Philippine Star.
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