CEBU-BASED fuel retailer Top Line Business Development Corp. debuted on the Philippine Stock Exchange (PSE) on Tuesday, marking the country's first initial public offering (IPO) for the year.
Investor interest despite global stock market volatility allowed the firm to raise the targeted P732.6 million from the offering, comprised of 2.15 billion primary common shares with an overallotment option of up to 215 million secondary shares at P0.31 apiece.
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