The offer includes 30 million firm shares, with an option to issue another 30 million in case of strong investor demand.
Updated timetable
Megawide’s price and dividend rate-setting date is scheduled for March 21, 2025, with the offer period running from March 26 to April 4, 2025.
The company targets a tentative listing date of April 14, 2025, subject to regulatory approvals.
Proceeds from the offering, which could reach P5.95 billion if the full oversubscription is exercised, will be used to fund pipeline projects, redeem shares, and cover general corporate expenses.
Bank partners
The offering is backed by PNB Capital and Investment Corp., RCBC Capital Corp., and Security Bank Capital Investment Corp., which serve as joint issue managers, joint lead underwriters, and joint bookrunners.