Wilcon Depot Inc IPO

7:00 PM angeLjamie 0 Comments


Wilcon Depot (WLCON), a known construction material retailer in the Philippines is set for an Initial Public Offering (IPO) at the Philippine Stock Exchange (PSE) this March.  The very 1st for the local bourse this year.

The IPO price is set at P5.05 per share, which is on the low end of the IPO price range that the company submitted to PSE.  Up to 1.39 billion shares are to be listed, with the P7.03 billion proceeds to be used in doubling the companies stores from the current 37 to 65 in the next five years.

The offer period will run from March 20 to 24, with the listing happening on March 31.
 
To know more visit PSE.


Photo Owned by: Wilcon

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