PILIPINAS Shell Petroleum Corp. has priced its maiden share sale at P67 apiece for a total of P19.5 billion in fresh funds, the company’s lead domestic underwriter said on Friday.
“The final price is P67 per share, the top end of the pricing guidance of P65 to P67 per share. This is a premium to comparables,” Reginaldo Cariaso, senior managing director at BPI Capital Corp., said in a text message to The Manila Times.
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