Alberto said that the SRO would have a price range of ₱6.11 to ₱7.00 per share, that DITO would sell just over a billion shares to the market, and that the company would look to list the shares sometime this December. DITO CME’s President, Ernesto Alberto, revealed DITO’s plans to conduct an ₱8 billion SRO during a recent interview. DITO CME planning ₱8 billion stock-rights offering to fund Dito Telecommunity expansion.
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As for me, I’ll just have my popcorn ready (michaeljacksonpopcorn.gif, of course). Just be careful, and stay eyes wide-open about the risk of your trades if you decide to jump in today. They can’t step in to defend early gains with their artificial demand, so if the stock jumps up to ₱0.75/share and you buy at that point, the only real floor there is all the way back down at ₱0.60/share. Know that while ALLDY will have a stability fund, that fund can only act on prices that fall below the ₱0.60/share offer price.
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ALLDY might pop, or it might not I have no idea, and the key thing here is that if any Barkadans are thinking of buying into this stock to “ride the dragon” on the first day, just be careful. They’re selling stocks, and the best way to do that is to hype their bags to new buyers. That might sound extreme, but that’s their incentive here. They want that positive market sentiment to attach to PNB Capital, in the hopes that it will attract future IPO issuers to select them as underwriter, and in a dream world, push up potential valuations of IPOs underwritten by PNB Capital due only to PNB Capital’s sterling “IPO champion” reputation, making PNB Capital’s IPO fees all the more palatable to those potential future issuers.
![ipos 5 siri ipos 5 siri](https://i.ytimg.com/vi/-3NXtlDR1bs/maxresdefault.jpg)
The Villar Family’s most recent IPO hits the open market today after ALLDY successfully raised ₱4.5 billion during its IPO offer period. ▌ Daily meme | Subscribe (it's free) | Today's email ▌Top 3 MB indices: #COVID-19 ▲1.65%
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IPOS 5 SIRI UPDATE
All of the updates took a lot longer than normal because of all the times I had to "re-triple tap, push and drag" to move data around, so today's update might be a bit light! RIP, Logitech M331. My optical mouse just died, and I'm really REALLY not feeling the touch pad right now. Thanks also to Jupitel Thunder, Jing, and Just'n for the meme love! It sucks to see such a bad mistake in a post that has already gained a lot of attention, especially because Twitter doesn't allow post edits! But I was glad to have had the mistake pointed out, so that I could correct it on Facebook. Thank you to Jazz Bermido and GODFREY II for alerting me to the spelling problem in yesterday's Twitter post, where I referred to ABA as "ABS". Happy Wednesday, Barkada - The PSE gained 51 points to 7106 ▲0.7%