Cemex concretes its Manila IPO plans

Market reaction to Cemex Philippines’s upcoming IPO could well be a reflection of confidence towards the nation’s industrial development.

Mexican buildings materials supplier Cemex officially launched the partial sale of its Philippine operations on Tuesday, looking to raise Ps24.4 billion ($525 million) in what would be the country’s largest initial public offering from the industrial sector.

¬ Haymarket Media Limited. All rights reserved.

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