Robinsons Retail prices record Philippine IPO

The Gokongwei family’s retail arm fixes price at low end of the range but raises $621 million in the country’s largest new listing in US dollar terms.
Even at Ps58 per share, Robinsons Retail's IPO is the Philippines' largest in US dollar terms.
Even at Ps58 per share, Robinsons Retail's IPO is the Philippines' largest in US dollar terms.

Robinsons Retail Holdings, an operator of more than 900 retail outlets in the Philippines, will raise Ps26.79 billion ($621 million) from its initial public offering after fixing the offer price slightly above the bottom of the indicated range at Ps58 per share.

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