Alliance Global quadruples free-float with re-IPO

Including the greenshoe, the $445 million deal will be the second largest equity offering by a Filipino company.

Philippine conglomerate Alliance Global Group AGI has completed the international portion of a follow-on offering of up to $445 million that is set to increase its free-float by more than four times, making the company a lot more attractive to international investors.

AGI was restructured earlier this year to become the holding company for a group of businesses that are controlled by the family of Philippine developer Andrew Tan. It offers exposure to the food and beverage sector through the...

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