GT Capital IPO

GT Capital set to raise $438 million via Philippine IPO

The Ty family’s holding company fixes the price above the mid-point after the international tranche is more than five times oversubscribed.
<div style="text-align: left;"> Metropolitan Bank and Trust (Metrobank) is part of soon-to-be-listed conglomerate GT Capital (AFP)</div>
<div style="text-align: left;"> Metropolitan Bank and Trust (Metrobank) is part of soon-to-be-listed conglomerate GT Capital (AFP)</div>
April 05, 2012

Philippine conglomerate GT Capital has fixed the price of its initial public offering in the top half of the range and is set to raise Ps18.8 billion ($438 million) ahead of its listing on April 20. The IPO is the first on the Philippine Stock Exchange this year and the biggest in more than a year.

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