Mexico’s Cemex eyes $855-M IPO in the Philippines

3/14/2016 Rappler 

CEMEXMANILA, Philippines – Cemex Holdings Philippines, Incorporated, the local unit cement unit of Mexico’s Cemex SAB De CV, is raising as much as P39.74 billion ($855 million) in what could be the biggest initial public offering (IPO) in the Philippines, as the outlook on domestic economy remains positive.

Based on the registration statement filed with the Securities and Exchange Commission, Cemex Holdings plans to sell 2.337 million common shares at an offer price of up to P17 ($0.366) per share.

Cemex is a global building materials company and has presence in more than 50 countries.

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