WITH the market currently reeling from inflationary pressures, San Miguel Food and Beverage Inc.’s (SMFB) planned P142 billion follow-on offering (FOO) may face headwinds, analysts said.

SMFB on Wednesday filed an application with the Securities and Exchange Commission to issue 1.02 billion shares, consisting of 887 million common shares and an overallotment option of up to 133.05 million, at a price of P140 per share for a total of P142.8 billion.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details