Converge ICT launches Philippines’ largest IPO

By Jonathan Breen
05 Oct 2020

Philippines-based internet services provider Converge ICT Solutions has kicked off the roadshow for its up to Ps28.6bn ($590.4m) IPO, set to be the country’s largest ever public offering.

The issuer hit the road on Monday, locally with sole co-ordinator BPI Capital and offshore with joint global co-ordinators Morgan Stanley and UBS. The trio are leading a team of eight others on a four-day bookbuilding.

Converge will issue 480.8m new shares for the deal, while Comclark Network ...

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