Upson International Corporation (Upson) has delayed its planned PHP 5.4 billion initial public offering to the 1Q 2023. The company didn\u2019t provide a reason for the new schedule but mentioned that it remained committed to conducting an IPO. Under the IPO, Upson would sell up to 888.16 million common shares, with an overallotment option for another 98.68 million shares at PHP 5.50 apiece. Proceeds from the IPO would still be used to expand its store network and improve its supply chain and logistics. Upson offers retail products through stores like Octagon Computer Superstore (Octagon), Micro Valley and Gadget King.<\/p>\n\n\n\n
Our View:<\/strong> Difficult time to release an IPO. The IPO market remains to be challenging given the nagging concerns of currency devaluation, high inflation, rising interest rates and geopolitical uncertainties. A look at the debutants in the PSE this year shows that those who\u2019ve listed before the war in Ukraine took place had a successful listing day. Meanwhile, those who braved the rough waters had a marginal gain on listing day with the exception of BALAI. Given these returns, it is wise for Upson to just defer their planned IPO to a later date.<\/p>\n","protected":false},"excerpt":{"rendered":" Here’s a commentary on an important issue or event affecting the stock market <\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-317499","post","type-post","status-publish","format-standard","hentry","category-special-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/317499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=317499"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/317499\/revisions"}],"predecessor-version":[{"id":320497,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/317499\/revisions\/320497"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=317499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=317499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=317499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}