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Nov 30, 2016 @ 0:12

Shakeys prices IPO at top of range


Pizza restaurant chain Shakeys Pizza Asia Ventures Inc. Is set to raise close to P4 billion from its planned intial public offering after pricing the stock at the top end of a marketed range.

BDO Capital & Investment Corp. said Shakeys would sell 306 million primary and secondary shares at P11.26 each share with an option to offer an additional 46 million shares in case.of strong demand.

Indicative price range was at P10.70 to P11.26 apiece.

The offering will run from Dec. 2 to 8, with the listing of the shares scheduled on Dec. 15.

Singapore sovereign investor GIC is selling its shares in Shakeys, which is now controlled by the Po family.

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