Maynilad Prices Biggest Philippine IPO Since 2021 at Top End.

The article focuses on Maynilad Water Services Inc.'s initial public offering (IPO), which is set to be the largest in the Philippines in four years. The company will sell shares at 15 pesos each, aiming to raise 24.9 billion pesos ($428 million) through the sale of 1.66 billion shares. The IPO is notable as it follows a period of limited public listings in the country, with only one other company going public this year. Maynilad's services cover 11 cities in Metro Manila and parts of Cavite province, and it has received significant commitments from cornerstone investors, including the Asian Development Bank and the International Finance Corporation. The offer period for the IPO runs from October 23 to 29, with a listing scheduled for November 7. [Extracted from the article]