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>

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.

¬ 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