ISTANBUL – Elon Musk has become the world’s first trillionaire on paper after SpaceX priced its record initial public offering at $135 per share, according to calculations based on company and Tesla filings. Space Exploration Technologies Corp., better…
Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion. Anthropic said Monday it…
The anticipated initial public offering (IPO) of GCash looks promising as its valuation doubled to $5 billion with new funds from Ayala Corp. and Japan’s largest bank MUFG Bank Ltd. Globe Telecom, parent firm of GCash operator…
MANILA, Philippines —Investors are waiting for GCash to join the local exchange. However, its parent company said that they are still reviewing the market before deciding to launch an initial public offering (IPO). The company had initially planned…
MANILA, Philippines—Gokongwei-led Robinsons Land Corp. (RLC) plans to raise as much as P26.7 billion from the initial public offering of a real estate investment trust (REIT) that it will sponsor. According to a registration statement filed with…
The Philippine Stock Exchange (PSE) has approved a P17.55 billion initial public offering by food producer Del Monte Philippines Inc. (DMPI), the local unit of Campos family-led multinational conglomerate Del Monte Pacific Ltd., by June. About 587.43…
Cebu Landmasters Inc. to strengthen its ‘acquire and develop immediately strategy’ with raised capital from IPO Acquire and develop immediately. This is the business strategy employed by homegrown real estate developer, Cebu Landmasters Inc. (CLI), as it…
CEBU-BASED property developer Cebu Landmasters Inc. (CLI) has officially priced its initial public offering (IPO) at P5 per share, bringing its total offer size to P2.9 billion. The homegrown developer, founded by property veteran Jose Soberano in…
Cebu Landmasters Inc. optimistic about local investors’ capacity to take on its IPO As homegrown property developer Cebu Landmasters Inc. (CLI) anticipates to go public this month, a company executive expressed confidence the appetite of local investors…
With Cebu’s real estate industry poised for more growth, a home-grown developer has set aside P12 billion for investments in more projects in Cebu and other key locations in Visayas and Mindanao. Jose R. Soberano III, Cebu…
Cebu-based retailer Metro Retail Stores Group, Inc. (MRSGI) has earmarked between P10 billion and P15 billion for capital expenditures in the next five years, including the P1.7 billion to P2 billion set aside for this year and…
A South Korean-owned semiconductors manufacturer hopes to raise at least P1.2 billion in fresh revenue from its initial public offering (IPO) in Dec. 1 to fund the expansion of their plant in the Clark Freeport Zone in…
