The IPO will raise as much as 44 billion pesos ($874 million) from the maiden share sale, including the over-allotment option. Del Monte Philippines’ IPO comes three years after the company deferred plans for its maiden share sale in 2018, citing adverse market conditions. Del Monte branded cans of fruit cocktail sit on a shelf in a grocery store in Manila. Julian Abram Wainwright/BloombergDel Monte Philippines is controlled by the Campos siblings through Del Monte Pacific, whose shares trade in Singapore and the Philippines. Jocelyn’s son Clinton runs Unilab, while Joselito heads Del Monte Pacific and Jeffrey helms the family’s real estate business.

Source: Forbes July 19, 2021 06:00 UTC