Friday, October 16, 2015

notes: Pointwest IPO (16 oct 2015)

Point West registered a net income of P120.9 million in the first half, an increase of 101 percent from P54.88 million recorded in the same period a year ago while net revenues rose 22.8 percent to P798.82 millionfrom P650.5 million.

Pointwest is targeting to offer the shares on November 26 to December 3 and officially list them at the stock exchange on December 11. The final price for the offer will be set on November 23.
The joint issue managers, joint lead underwriters and bookrunners tapped for the deal are SB Capital Corp. and Maybank ATR Kim Eng, while the financial adviser is Evercore.