Philippine Business Bank to IPO

February IPO could earn some US$99 million.

PBB will issue 101,333,400 common shares through the initial public offering. In its prospectus, PBB said each share to be listed at the Philippine Stock Exchange will cost US$1.03.

The bank plans to use US$9.8 million of the IPO proceeds to fund capital expenditures. Proceeds will also pay for bank-branch licenses, build more branches, implement information technology projects and acquire assets.

PBB intends to spend some US$2.5 million to expand its national branch network and a further US$2.5 million to improve its IT infrastructure. The offer period starts on February 6 while the listing date is February 19.

Also Read

OCBC Ignite aims to double poly graduate intake

Singapore’s big banks aim for 96% emissions cut by 2050

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia