|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.3000 - 0.3000|
|52-week range||0.0900 - 0.3000|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||9.09|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Food and beverages firm Del Monte Pacific said on Wednesday it would delay the initial public offering of its Philippine unit, as the country reels from a surge in coronavirus cases. Del Monte Philippines Inc in April filed for an offering that could raise up to 44.1 billion Philippine pesos ($888.8 million), making it the second-largest share offering in the Philippines. But rising cases of the Delta variant of coronavirus cases and corresponding volatility in the Philippine Stock Exchange have led Del Monte Pacific to defer the listing "until conditions improve".
Del Monte Pacific Ltd said on Wednesday it will delay the initial public offering of its Philippine unit amid volatility in the stock exchange as the country reels from a surge in cases of the Delta variant of the coronavirus. The offering, expected to raise up to 44.1 billion Philippine pesos ($888.84 million), making it the second-largest share offering in the Philippines, will be deferred until conditions improve, the Singapore-based food and beverage company said.
Del Monte Philippines Inc filed for an IPO that could raise up to 44.1 billion pesos ($910 million), marking potentially the second-largest share offering in a market that is gearing up for a blockbuster year for listings. Del Monte's shareholders Del Monte Pacific and SEA Diner, are seeking to sell up to 804.23 million shares, including an over-allotment option of 15%, it said in a registration statement filed with the corporate regulator on Wednesday. Del Monte, the maker of canned fruit-to-tomato sauce has been operating in the Philippines for 95 years, and is also the company behind the S&W brand operating in 30 countries.