Cebu pacific Prepares for IPO
Business - Cebu Pacific finalizing IPO plans - INQUIRER.net
Budget carrier Cebu Pacific Air, a unit of JG Summit Holdings Inc., is finalizing plans for an initial public offering (IPO) of stock this year.In its initial registration statement filed with the Securities and Exchange Commission, Cebu Pacific said it planned to offer 83.75-178.66 million new shares plus 61.9 million held by existing stockholders.
Underwriters for the offering are UBS, ING and First Metro Investment Corp.
Cebu Pacific could generate P4.6-P9.8 billion from the IPO at P56.12 a share, the lower end of the target offer price range.