Philippines: Cemex Philippines unit to launch up to US$526 million IPO

Bymc2008

Updated Wed, 22 Jun 2016 13:37:41 GMT

Reuters are reporting that Cemex Holdings Philippines, a subsidiary of Cemex, will launch an initial public offering of up to US$526 million on 21 June.

The company is offering 2.03 billion shares in an indicative range of 10.50 pesos to 12.00 pesos each.

Cemex Holdings Philippines has secured US$125 million from seven cornerstone investors for the IPO.