LT Group raises $792 million from Philippines’ largest public deal
The conglomerate’s re-IPO attracts strong demand from global investors, allowing the price to be fixed at the top of the range.
April 17, 2013
LT Group, a Philippine-listed company controlled by the family of local tycoon Lucio Tan, started the management roadshow and bookbuilding yesterday for a fully marketed follow-on, which is aiming to raise between Ps28.8 billion and Ps32.8 billion ($695 million to $792 million).
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