Cal-Comp Philippines refiles for IPO
MANILA, Philippines — Cal-Comp Technology (Philippines) Inc. has revived its plan to raise fresh capital via initial public offering to finance its expansion in the country.
The Securities and Exchange Commission said Tuesday the local unit of Taiwan-based technology conglomerate New Kinpo Group filed a registration statement for its planned maiden share sale.
Cal-Comp Philippines is looking to sell 371,423,100 common shares with an overallotment option of 55,731,500 common shares for up to P25 each.
The company is targeting to raise up to P10.68 billion from the IPO, higher than previous filing of P6.77 billion in 2018.
Just in: Cal-Comp Technology Philippines has refiled its IPO at the SEC. Target fundraising at up to P10.68 billion, higher than initial filing of P6.77 billion in 2018 @bworldph
— Arra Francia (@arra17) September 3, 2019
Cal-Comp Philippines initially planned to go public last year, but decided to withdraw such plans due to volatile market conditions.
Kepwealth Property Philippines Inc. was first company to do a maiden listing this year, followed by coconut products maker Axelum Resources Corp. and home furnishing chain AllHome Corp. — With a report from BusinessWorld
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