san-miguel-brewery-pulls-off-pricesensitive-ipo

San Miguel Brewery pulls off price-sensitive IPO

Parent company San Miguel Corporation decides to spin off only 5% of its domestic beer subsidiary, while price sensitivity makes it "highly likely" that the price will be fixed at the bottom of the range.
San Miguel Brewery has attracted enough international demand to complete its initial public offering and will go ahead with the domestic portion of the deal on Monday. The final price wonÆt be announced until later today, but according to sources, it is highly likely to end up at the bottom of the Ps8 to Ps11 range. Based on the level of price sensitivity in the deal, it cannot really price anywhere else, they say.

Meanwhile, parent company San Miguel Corporation has decided to spin off only 5% of the listing candidate, which includes all of the groupÆs domestic beer operations, as opposed to the 10% that was flagged in the prospectus. Based on the bottom...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222