Maynilad IPO valuation not finalized — Pangilinan - BusinessWorld Online

Maynilad IPO sees 'encouraging' early investor feedback for ₱45.8-billion offering

Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion.In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic K. Punzalan-Espiritu stated that the company has held preliminary investor meetings as part of its standard and customary market engagement.However, she …

Maynilad IPO valuation not finalized — Pangilinan - BusinessWorld Online

THE VALUATION of the initial public offering (IPO) of west zone concessionaire Maynilad Water Services, Inc. remains subject to adjustments, according to its chairman. “The initial numbers are tentative. So, don’t be surprised if they adjust it. But they’re close to make a final determination,” Maynilad Chairman Manuel V. Pangilinan said on the sidelines of Manila Electric Co.’s annual stockholders’ meeting on Tuesday. Mr. Pangilinan said the nu…