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First Pacific Company Limited (FPAFF)
- Reuters SG
UPDATE 1-Philippines' biggest toll road operator plans IPO to raise $500 mln -sources
Metro Pacific Tollways Corp, the largest toll road developer and operator in the Philippines, could raise $500 million from a planned initial public offering (IPO) on the local bourse, two sources close to the matter told Reuters. Metro Pacific Tollways' President and Chief Executive Rodrigo Franco declined to comment on the financial details of the IPO but said the aim was to list the company in late 2023 or 2024.
- Reuters SG
Philippines' biggest toll road operator plans IPO to raise $500 mln -sources
Metro Pacific Tollways Corp, the largest toll road developer and operator in the Philippines, could raise $500 million from a planned initial public offering (IPO) on the local bourse, two sources close to the matter told Reuters. Metro Pacific Tollways' President and Chief Executive Rodrigo Franco declined to comment on the financial details of the IPO but said the aim was to list the company in late 2023 or 2024. The listing of Metro Pacific Tollways, in which Hong Kong's First Pacific Co Ltd has a 43.9% interest, could value the company at more than $2 billion, the sources said, declining to be named because the IPO details are confidential.
