Cebu Pacific prices IPO at PHP125 per share

Cebu Pacific announced its initial public offering (IPO) will be priced at PHP125 per share with the carrier aiming to raise up to PHP26.8 billion (USD620 million) (AP, 08-Oct-2010). The share sale will be launched on 12-Oct-2010 and end on 19-Oct-2010. Listing on the local stock exchange is slated for 26-Oct-2010. A total of 214.6 million shares will be offered for sale, including 27.9 million over-allotment option shares. [more]