Inquirer
PSE clears P45.8-B Maynilad IPO
The Philippine Stock Exchange (PSE) has approved the P45.8-billion initial public offering (IPO) of water concessionaire Maynilad Water Services Inc.
Maynilad will offer up to 1.66 billion firm shares to the public, with an overallotment option of up to 249.05 million shares.
The maximum offer price is set at P20.00 per share, but the final price will be determined on October 20, 2025.
The offer period will run from October 23 to October 29, 2025, and Maynilad aims to raise approximately P45.8 billion in gross proceeds.
The company plans to use the net proceeds for capital expenditures and general corporate needs.
Maynilad will list on the PSE Main Board under the ticker "MYNLD" on November 7, 2025.
Multilateral institutions like the IFC and ADB are considering investing $245 million into the company's IPO.
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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.
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Maynilad Water Services, Inc. has identified the United Kingdom's Mobilist program as one of the cornerstone investors in its planned initial public offering (IPO).
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Maynilad Water Services, Inc. has obtained the first-ever Philippine Green Equity label from the Securities and Exchange Commission (SEC), a significant achievement preceding its planned initial public offering.
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