Top Line Business Development Corp. has bared its final initial public offering price at ₱0.31 per share and the IPO will start on April 8.
In the media update sent to THEPHILBIZNEWS, it says, “The final number of offer shares is 2,148,440,000 primary common shares with an oversubscription option of up to 214,844,000 secondary common shares, and the final offer price is ₱0.31 per offer share.”
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Furthermore, Top Line said, “The final offer price takes into account current market conditions while still ensuring that Top Line can pursue its strategic initiatives, including establishing new fuel stations and expanding its logistics capabilities with additional fuel trucks and tankers with its net proceeds. We are also very pleased with the strong coverage of our books at this offer price and believe it presents significant upside potential for prospective investors.”
