Philstar
Maynilad drops IPO price by 25% due to weak demand
Maynilad Water Services Inc. has lowered its initial public offering (IPO) maximum offer price to P15 per share from P20, reducing the potential fundraising to P34.33 billion from P45.8 billion.
This price adjustment was made due to weak demand and commitments from cornerstone investors, including the International Finance Corp. (IFC) and the Asian Development Bank (ADB), who pledged up to $245 million combined.
The company has also pushed back its target listing date to "not later than" November 7, 2025.
Maynilad will announce its final offer price on October 20, 2025.
Despite market challenges, Maynilad's president and CEO Ramoncito Fernandez remains optimistic about the company's prospects.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
