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Cebu Pacific prices IPO at PHP125 per share

11-Oct-2010 11:08 AM

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]