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Maynilad IPO seen to spur market interest
Maynilad Water Services Inc. is set to launch the biggest initial public offering (IPO) of 2025 on the Philippine Stock Exchange, expected to raise as much as P34.3 billion.
The offering includes 1.66 billion common shares, plus options for primary and secondary shares, with a final offer price of P15 per share.
Proceeds from the primary tranche will fund capital expenditures and general corporate purposes.
Maynilad is the largest private water utility in the Philippines, serving approximately 10.5 million people in the West Zone of Metro Manila and parts of Cavite.
Analysts expect the IPO to boost interest in the Philippine stock market and lift investor sentiment, potentially acting as a catalyst for market activity due to its size.
This offering is expected to be the largest public debut in the Philippines in years, second only to Monde Nissin's 2021 record-breaking IPO.
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Maynilad Water Services Inc. has activated its upsize option to hit the full volume of its initial public offering (IPO), adding 354.7 million common shares to the offer, in response to market demand.
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