By The Manila Times
Computer hardware and software retailer Upson International Corp. will be listed in the main board of The Philippine Stock Exchange (PSE) today following the completion of an initial public offering (IPO).
“[A] total of 3,125,001,300 common shares will be initially listed, with the IPO representing 20 percent of the issued and outstanding capital stock and, assuming full exercise of the over-allotment 0ption, this will overall represent 22 percent of the issued and outstanding capital stock instead,” Upson said in a statement.
Upson’s IPO involved 625,001,000 primary common shares, with an over-allotment option of up to 62.5 million, at a price of P2.40 per share. The firm said it had raised P1.65 billion.
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