Stock Market PILIPINAS: Empowering the Filipino Investors

Full Version: Shakey’s Pizza Asia Ventures Inc.
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PO family-led Shakey’s Pizza Asia Ventures Inc (SPAVI), a leading full-service restaurant in the country, seeks to raise up to P5.5 billion from a local stock market debut this year.

SPAVI filed on Monday a prospectus with the Securities and Exchange Commission (SEC) to sell up to 352 million primary and secondary shares – including 46 million shares to meet excess demand, at a maximum price of P15.58 each.

The offer price is expected to be finalized in November ahead of a possible listing in December 2016.

“We intend to use the offer proceeds for the expansion of our in-house commissary, working capital requirements, potential acquisitions, and repayment of debt,” SPAVI said late Monday.

Deutsche Bank AG had been appointed sole global coordinator and bookrunner for the deal while BDO Capital and Investment Corp. and First Metro Investment Corp. were mandated as joint lead managers and underwriters.

Evercore acts as exclusive financial adviser to SPAVI.

SPAVI’s in-house commissary supplies the bulk of its proprietary pizza dough and crust used to create Shakey’s trademark “thin crust” pizza.

Shakey’s, recognized globally as the original pizza franchise in the US, was first established in the US in 1954 and is best known for “the pizza that started it all”. The first Shakey’s pizza parlor opened in the Philippines in 1975. It has since then gained popularity for its thin crust pizzas and its iconic chicken and mojos.

Locally, where SPAVI owns the rights to the Shakey’s trademark, the company holds the number one position in the traditional full service pizza chain and family style casual dining categories. It had 177 stores all over the country as of June 2016, with plans to expand in the greater Manila and provincial areas. Seven more stores are expected to open before the end of 2016, with 20 more new stores in the pipeline for 2017.

Apart from the Philippines, SPAVI also owns perpetual rights to the Shakey’s brand for the Middle East, Asia (ex Japan and Malaysia), China, Australia, and Oceania.

SPAVI is majority owned by the Po Family’s Century Pacific Group Inc (CPGI), parent company of Philippine listed Century Pacific Food Inc (CNPF).

Earlier this year, CPGI and GIC, Singapore’s sovereign wealth fund, teamed up to acquire majority of the pizza business from the Prieto family, which continues to hold a minority stake in SPAVI.
Big Grin

BDO Capital and Investment Corp. and First Metro Investment Corp. were mandated as joint lead managers and underwriters

thanks for info
...bili tayo nito Big Grin madaming madami
Php 5.5 billion for Shakeys' Pizza? What a joke. Better buy, and then dump the shares after the IPO. Big Grin
(10-11-2016, 10:42 AM)Ollie Wrote: [ -> ]...bili tayo nito Big Grin madaming madami

cge comm.. meron ako card para buy one take one tayo.. wahahaha
mukhang exciting to!

Thanks for the info guys Smile)
(10-11-2016, 10:42 AM)Ollie Wrote: [ -> ]...bili tayo nito Big Grin madaming madami

anu bibilhin mo? pizza or ung ipo? hahaha. Big Grin
(11-28-2016, 10:08 PM)sirhc6chris Wrote: [ -> ]

It's 11.26. is it a buy?

wow! ang mura na ah. hahaha. tapos banatan ng fed hike after. aguyyyy kamote. dpat mapapalo nila sa listing para ma protect ung ipo price pag announce ng fed hike. Big Grin
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