CAL-COMP Technology (Philippines) Inc. expects to raise P8.805 billion from its planned initial public offering (IPO) this year, the bulk of which would be used to expand its facilities.

In a statement on Tuesday, the Securities and Exchange Commission said the hard disk drive and consumer electronics manufacturer registered its offering of 371.42 million shares with an overallotment option of 55.71 million shares — priced at P25 apiece — on Monday.