local-pepsi-bottler-seeks-philippines-listing

Local Pepsi bottler seeks Philippines listing

Pepsi-Cola looks set to be the first company to list in the Philippines this year after launching its $136 million offer yesterday.

Pepsi-Cola Products Philippines kicked off its international roadshow for a local listing yesterday. The licensed bottler of PepsiCo in the Philippines is aiming to raise between Ps4.0 billion and Ps4.9 billion $111 million to $136 million.

The pricing will be determined on January 18 and will be followed by a domestic share sale between January 21 and 28. The trading debut is scheduled for February 1. This deal will be followed hot on the heels by a long-awaited initial public offering by Cebu Air, which will seek about $200 million, according to sources. The regional airline has started pre-marketing and is expected to launch a formal international...

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