GT Capital IPO

GT Capital set to raise $438 million via Philippine IPO

The Ty family’s holding company fixes the price above the mid-point after the international tranche is more than five times oversubscribed.

<div style="text-align: left;"> Metropolitan Bank and Trust (Metrobank) is part of soon-to-be-listed conglomerate GT Capital (AFP)</div>

April 05, 2012

Philippine conglomerate GT Capital has fixed the price of its initial public offering in the top half of the range and is set to raise Ps18.8 billion ($438 million) ahead of its listing on April 20. The IPO is the first on the Philippine Stock Exchange this year and the biggest in more than a year.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.