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Metro Retail Stores Group Inc.
#1
Metro Retail IPO gets go-ahead


METRO Retail Stores Group, Inc. of the Gaisano family has hurdled all regulatory approvals for its up to P6.17-billion initial public offering (IPO), even as the timetable of the share sale has been slightly pushed back.

The Philippine Stock Exchange (PSE) approved on Wednesday the first-time share sale of the Visayan retail giant, according to a notice posted on its Web site yesterday.

The multi-format retailer is selling up to 920 million new shares and another 92 million secondary shares, in case of strong demand, at a maximum price of P6.10 apiece.

Post-IPO, Metro Retail Stores will have a market capitalization of P21 billion. The company will have a public float of 26.71%.

The retailer tweaked the timetable of the IPO, with the final price to be determined on Nov. 5. The offer period will run from Nov. 19 to 23.

The shares will be listed on the Main Board of the PSE on Nov. 24 under the trading symbol “MRSGI.”

Under the original timetable, Metro Retail Stores was eyeing to schedule the offer period from Nov. 2 to 6. Trading of the shares was supposed to commence on Nov. 12.

BPI Capital Corp. and Deutsche Bank A.G., Hong Kong Branch were tapped as joint global coordinators and lead underwriters.

Net proceeds from the primary offering will be used for the expansion of store network, establishment of a consolidated logistics and distribution center, and working capital requirements.

Metro Retail Stores is the third company to join the PSE this year after Crown Asia Chemicals Corp. and SBS Philippines Corp.

The retailer’s IPO kick off a busy fourth quarter in terms of equity offerings as corporates rush to the stock market to take advantage of the window of opportunity presented by bets on a delay in the interest rate hike in the United States.

Aside from Metro Retail Stores, the other IPO hopefuls are -- D.M. Wenceslao & Associates, Inc. (P21.7 billion), DATEM, Inc. (P4.66 billion), Pointwest Technologies Corp. (P2.09 billion), TVI Resource Development Phils., Inc. (P1.51 billion), Philippine Primark Properties, Inc. (P1.2 billion), Italpinas Development Corp. (P242 million); Gweilo Corp. (P95 million); Philstocks Financial, Inc. (P190 million); and Green Power Panay Philippines, Inc. (P290 million).


source http://www.bworldonline.com/content.php?...&id=117053


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#2
Price-Setting Date: Nov 5, 2015
Start of Offer Period: Nov 9, 2015
End of Offer Period: Nov 13, 2015
Tentative Listing Date: Nov 24, 2015

as per EDGE http://edge.pse.com.ph/openDiscViewer.do...3OK4r.dpbs
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#3
wow this is huge. might be too heavy. D.M. Wenceslao & Associates, Inc. (P21.7 billion)
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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#4
nov. 2-6, malapit na... onti na lng
  
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#5
...may IPO price na Smile


Metro Retail IPO priced at P3.99/sh

METRO Retail Stores Group, the country’s fourth largest retailer, has priced its initial public offering at P3.99 per share, firming up the stock debut size at about P4.04 billion.

The IPO price was cut from an earlier maximum offer price of P6.10 per share.

A market source privy to the offering said on Wednesday that at this pricing of P3.99 per share, investors will pay less than 15 times the kind of money Metro Retail will likely make in 2016.

The Securities and Exchange Commission and the Philippine Stock Exchange earlier authorized Metro Retail to sell up to 920 million in new common shares, bringing to public hands about 26.71 percent of outstanding shares. There is also an overallotment option of up to 92 million common shares.

The stock offering of Metro Retail – the biggest retailer in the Visayas and the fourth largest in the country – will run from Nov. 9 to 13. Listing date on the Philippine Stock Exchange is scheduled on Nov. 24.

Bulk of the proceeds from the primary offering will be used to fund capital expenditures for the establishment of new stores. The remainder will be used to establish a consolidated logistics and distribution center in Cebu as well as for working capital requirements.

Mandated as joint global coordinators and lead underwriters are BPI Capital Corp. and Deutsche Bank AG Hong Kong branch.

source http://business.inquirer.net/201950/metr...at-p3-99sh
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#6
sapol sa budget, kuha tayu nito comm.. Big Grin
  
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#7
hindi ba sya conflict sa offer period ni ITALPILIPINAS na may offer period na nov 20 to 26..metro retail listing is nov 24..mahahati ang budget natin nito.
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#8
may official timeline na ba c ItalPinas? mukhang wala pa
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#9
(11-05-2015, 10:20 AM)sirhc6chris Wrote: may official timeline na ba c ItalPinas? mukhang wala pa

nabasa ko lang sa bloomberg ph tv..nov 20-26 offer period

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#10
Meron na offer sa COL...
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