Shell Philippines throws open $400m IPO to investors

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By Jonathan Breen
06 Oct 2016

The Philippines is set for one of its largest IPOs this year as Pilipinas Shell Petroleum Corp starts taking orders for a potential Ps19.3bn ($399.0m) listing.

The local arm of oil and gas conglomerate Royal Dutch Shell opened its doors to investors on Thursday morning. It is offering 275m shares, 10% of which are primary and the rest from existing shareholders, according to a term sheet seen by GlobalCapital Asia.

The deal includes a ...

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