SSI bags $146m with top pricing on rare IPO

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By Rashmi Kumar
23 Oct 2014

Luxury goods retailer SSI Group has raised Ps6.5bn ($146m) by pricing its IPO at the top of the range, with the rarity value of Philippine deals leading to books being multiple times covered.

Launched to the market on October 15, the IPO provides investors with an opportunity to buy into a Philippine story. Just two companies have listed in the country this year to collectively raise $97m, according to Dealogic.

The pent-up demand meant that when SSI opened the ...

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