24-Mar-2010 12:46 PM
Shares in Cebu Pacific parent company soar, ahead of planned IPO
Analysis
Shares in JG Summit Holdings surged more than 15% to a two-year high yesterday, as investors acquired shares ahead of the planned IPO of its airline arm, Cebu Pacific. The carrier plans to raise approximately USD260 million from an IPO this year, taking advantage of a rebound in demand.
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