Philippines’ Ty family lines up Ps19bn GT Capital sale
GT Capital Holdings launched an up-to Ps19.37bn ($450m) IPO on Thursday. The investment holding company is owned by the Ty family, which is offering investors the first chance to invest in several private Philippines businesses that they control.
GT Capital had indications of demand for over half of the book before it launched on Thursday, after lining up indicative orders from anchor investors, said a banker close to the deal.
"The Ty family has a great reputation and controls several businesses that lead their sectors," said a
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