FREE Market Commentary: DM Wenceslao Set to Be 1st IPO in 2018

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Market Issue or Event

DM Wenceslao Set to Be 1st IPO in 2018

D.M. Wenceslao & Associates, Inc. (DMW) has received the green light from the PSE to embark on its IPO. The company plans to sell 679.17 Million shares with price up to PHP 22.90/share, which leads to a market cap of PHP 77.8 Billion and 20% public float.

The final offer price of the shares will be announced on June 7, with tentative offer period on June 18 to 22, while the target listing is slated for June 29.

 

Our Partner Broker’s View and Commentary

Given the lingering uncertainties and volatility in the market, pricing is the key for DMW IPO’s success. It is critical to give investors appetizing returns.

On the other hand, this IPO is also vital for DMW for the funding of its projects in Aseana City. This should help the company take advantage of the robust growth in the Bay Area, currently the fastest growing commercial business district. More details will be included our IPO brief to be sent this week.

 

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AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

AP Securities (formerly Angping & Associates Securities) is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.