"The capital raising is via an Initial Public Offering and the listing is set to take place on the 9th of December 2013. The company has set an indicative price range of 1-2.5 PHP for the IPO which will be determined by a bookbuild to be undertaken by the Issue Manager and Joint Lead Underwriters Philippine Commercial Capital Inc. and Unicapital Inc. from November 14-18. A copy of the Philippine Stock Exchange offering Circular is attached as an Appendix. Based on an IPO sale price of 1 PHP and todays quoted PHP sell rate, BPO’s holding in Frontier Oil Corporation has a value of $7.725 million. BPO’s FOC holding is subject to a 365 day escrow from the date of listing. BPO has executed the escrow documents."
so we should know the results of bookbuild next week I guess?
BPO Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
