Metro Manila (CNN Philippines) — Shares of Pilipinas Shell Petroleum Corp. will go on sale on Wednesday, priced at ₱67 apiece.
A total of 27.5 million shares will be available to local small investors, with the retail sale running from October 19 to 25, the oil company said in a statement.
It will then list on the stock market on November 3, under the ticker symbol "SHLPH." Another 55 million shares will be allocated for traders on the Philippine Stock Exchange.
"We are trying to get as many Filipinos as possible to be a part-owner of Pilipinas Shell, a company which we believe will give stable, very good returns for investors who will come in," country chair Edgar Chua said during the launch on Monday.
Read more: http://cnnphilippines.com/business/2016/10/18/pilipinas-shell-ipo.html
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