ITALPINAS Development Corp. (IDC), the Italian-Filipino property developer of Primavera Residences, is set to launch an initial public offering (IPO) this year to raise P242 million for its new and ongoing integrated development projects.
In a filing with the Securities and Exchange Commission (SEC) obtained by the Manila Times on Tuesday, IDC said it will be offering 57.622 million primary common shares, priced at a maximum of P4.20 per share.
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