Prime Infra IPO postponed

by The Manila Times

Oct 12, 2022 12:27 am

PHILIPPINE tycoon Enrique Razon has delayed the public listing of P28 billion ($474 million) of his infrastructure and energy holding firm to middle of next year because of the market downturn, its underwriter said on Monday.

The initial public offering (IPO) of Prime Infrastructure Capital Inc., originally set for October, could have been the Philippines' largest this year.

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