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Nov 29, 2016 @ 3:20

Shakey’s IPO priced at P11.26 per share

Pizza parlor chain operator Shakey’s Pizza Asia Ventures Inc. (SPAVI) priced its initial public offering (IPO) at P11.26 per share on Monday night, thus bringing the size of its stock market debut to a maximum of P3.96 billion.

Several industry sources privy to the share sale told the Inquirer that the IPO price-setting had been approved by the issuer and the arrangers on Monday evening ahead of the offering which will run from Dec. 2 to 8.

The offer price was cut from the earlier maximum price of P15.58 per share.

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