Supermarket and department store chain Metro Retail Stores Group Inc. of the Gaisano family plans to raise up to P6.17 billion ($134.92 million) in the Philippine's second-largest initial public offering (IPO) of the year.
Only two firms have debuted on the Philippine Stock exchange this year, raising just 1.77 billion pesos combined. The largest IPO of 2015 is set to be property developer D.M. Wenceslao and Associates Inc. at 21.72 billion pesos.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||August 12, 2015|