Cemex concretes its Manila IPO plans

Market reaction to Cemex Philippines’s upcoming IPO could well be a reflection of confidence towards the nation’s industrial development.

Mexican buildings materials supplier Cemex officially launched the partial sale of its Philippine operations on Tuesday, looking to raise Ps24.4 billion ($525 million) in what would be the country’s largest initial public offering from the industrial sector.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media