SHAKEY’S Pizza Asia Ventures Inc’s (SPAVI) is all set to conduct its initial public offering (IPO) of 352 million shares on December 15 after receiving the green light from the Philippine Stock Exchange (PSE).
SPAVI is set to offer up to 352 million primary and secondary shares, including 46 million shares in case of oversubscription, at a maximum price of P15.58 each. At this price, the company would be able to raise about P5.48 billion from the IPO.
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