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AllHome shares rise in stock market debut

  • Source: Philippine Star - - Read: 0



    AllHome shares rise in stock market debut

    MANILA, Philippines — The Villar family’s AllHome closed on a positive note in its market debut, rising slightly higher than its initial public offering price of P11.50 each share.

    AllHome opened at P11.62 per share and closed six centavos higher at P11.56 per share. The P14.9 billion share sale is the biggest IPO in three years.

    The company offered 1.12 billion shares, representing 30 percent of the total issued and outstanding common shares post-IPO.

    “The home improvement industry in the Philippines is under penetrated so we thought of introducing a retail concept with global standards which eventually complements our expertise as the largest homebuilder in the country,” AllHome chairman Manuel Villar Jr. said yesterday.

    The Villar fami ...



    Read Full News: https://www.philstar.com/business/2019/10/11/1959171/allhome-shares-rise-stock-market-debut

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