The retail group of the Gokongwei family, Robinsons Retail Holdings Inc. (RRHI), has set the price of its initial public offering (IPO) at P58 a share for a total offer size of around P28 billion.
“Robinsons Retail priced its $650 million IPO at P58 a share with a market capitalization of P80.3 billion,” UBS Philippines Managing Director Lauro Baja said in a text message.
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