TOP Line Development Corp. has moved its planned initial public offering (IPO) to later in the year and also slashed the size and price, given current market conditions.
The Cebu-based fuel retailer, which last November said it was rescheduling the IPO — originally set to be held before the end of 2024 — to sometime in the first quarter of 2025, on Wednesday said it was now looking at a second quarter listing following talks with institutional investors.