Converge ICT targets Philippines biggest IPO amid regional market revival

article author: 
Mon, 2020-10-05 05:13

SINGAPORE/MANILA: Philippines’ Converge ICT Solutions Inc. plans to raise as much as $680 million in an initial public offering that would be the country’s largest ever, sources said on Monday, encouraged by a coronavirus-spurred boom in demand for fiber broadband.
Converge joins a host of Southeast Asian companies planning listings, including Thailand Siam Cement Group Packaging’s $1.5 billion IPO, signaling a revival in investor interest in region’s underperforming markets.

Main category: 

Leave a Reply

Your email address will not be published. Required fields are marked *