MANILA, Philippines — Villar-owned AllHome Corp.., a home improvement retail chain, has filed an application with the Securities and Exchange Commission for a P20.7-billion initial public offering (IPO), the first this year. Based on its IPO prospectus, AllHome Corp. will offer up to 1.29 billion shares comprising of a primary and secondary offer of up to 1.12 billion shares and an overallotment option of up to 168.7 million common shares at an offer price of up to P16 per share. As of March 31, the outstanding balance of loans was P4.604 billion,” AllHome said. PNB Capital and Investment Corp. and China Bank Capital Corp. are the co-lead underwriters. In 2015, Villar first hinted of his overall plan to list AllHome.

Source: Philippine Star July 18, 2019 22:52 UTC