Converge ICT prices Philippine IPO low

By Jonathan Breen
09 Oct 2020

Converge ICT Solutions, an internet service provider, has bagged Ps25.2bn ($521.1m) from its Philippine IPO after pricing the stock just off the bottom of the marketed range.

The company wrapped up bookbuilding on Thursday after a four-day roadshow with local co-ordinator BPI Capital and joint global co-ordinators Morgan Stanley and UBS.

Converge ICT is listing a mix of new and existing stock equal to 20% of its enlarged equity capital. It announced the final price ...

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