Skip to main content

MONEY: Philippine Stock Exchange Approved Cebu Pacific IPO

Yes, you heard it right. After they announced their desire to hold their Initial Public Offering (IPO), Cebu Pacific Air Lines has finally got PSE’s approval. The said approval was done the PSE board directors last Wednesday. The listing of Cebu Pacific into the PSE bourse is tentatively set on May 4 this year.


Cebu Pacific Air, a unit of conglomerate JG Summit Holdings Inc will be offering 125.25 Million shares at the maximum price of 95 pesos.

Cebu Pacific Air’s primary targets were international investors but will also offer shares for the local ones. Funds that will be generated by the IPO will be used in their further expansion. Currently, with a fleet of 29 aircrafts, Cebu pacific is now serving 50 domestic and 21 international destinations. The numbers are expected to increase as the market for air travel is expected to grow in the coming years.

Cebu Pacific initially planned the IPO way back in 2008 but the unexpected economic downturn during that year prompted the company to postpone their plans. With the good economic signs showing up nowadays, it seems to be the most appropriate time to do their original plan.

Comments

  1. Gosh! I was researching the net and JGS Stocks are now a hot buy. trading at the local Philippine bourse as of 3/29/10 is P10.75 and at todays US dollar rate is .023558. The last trade of this stock in the OTC(US)exchange is .15 US cents and that was last Sept. 2009!

    ReplyDelete
  2. can an ordinary individual join such? because i know someone of interest with this matter, however she's just a student.

    ReplyDelete
  3. I think anybody can. I'm not sure if there's an age limit (i.e 18+)to the participation in stock trading. Please see www.pse.com.ph for the requirements.

    ReplyDelete
  4. What a great blog! So glad I found it. Thanks

    ReplyDelete
  5. Nice blog for foreign currency exchange, transfer money online. it's facilitate commercial foreign exchange and money exchange services to overseas.

    ReplyDelete
  6. Where to get application for Cebu Pacific IPO?

    ReplyDelete
  7. Cebu Pacific IPO is already done last month. Please contact Philippine Stock Exchange for more info.

    ReplyDelete

Post a Comment

Popular posts from this blog

SCAM: My First Scam Text This Year; 850000 Pesos from GMA Kapuso Foundation

It's a brand new year for everyone, including local scammers. And despite all the efforts by PLDT and Globe Telecom to curb text message scammers, from time to time, they still creep out and show up in our inboxes. And as hard to believe as the messages of winning some great amounts of money is the fact that there are still people who believe them. I personally know someone and that scam text message triggered events that turn her life upside down. So my point is, we still need to be careful regarding these scam messages. The danger is real! So without further ado, here's the scam message I received a few days ago. On Sunday, January 7, 2018 at exactly 3:33PM (PH time), I received this message from a certain Atty. Jhon Acosta with phone number 09552962911 Congratulations! Ursim# Hadwon PHP850,000 From(GMA KAPUSO FOUNDATION) To Claim Send Ur (NAME/ADD/AGE) &Call Me Now Im Atty;JHON ACOSTA DTI#0391s2018 Thankyou,  Do Not Ever Reply Obviously, this is a

How to Set an Appointment with SSS Online?

To avoid long lines in SSS Offices, you can use their online services to set an appointment before going there. Here's the steps to do it. Note: SSS stands for Social Security System, a government owned and controlled corporation serving as a statutory insurance service for private individuals. 1. Log-in to www.sss.gov.ph . In the login tab in the menu, you can select SSS Login and you'll be greeted with this interface. Use your username and password to login. In case you forgot either or both your password and your username, just click the appropriate link. In case you haven't registered for an online account, click the appropriate button to register. 2. Once you have entered your account, hover over to Members Profile and select the Appointment System link under it. 3. Select from the drop-down menus the Purpose of your visit, the Region , and the SSS Servicing Branch you wanted to visit. 4. Select a date from the calendar provided and

FREE Calls to Your Favorite Fast-food Chain on Globe Phones

In the age of mobile apps and ordering via internet, people are increasingly going from "calling" to "tapping and clicking" their fast food orders. The arrival of Honestbee , Foodpanda and just recently, Grab Food is a testament to how much this trend is growing. The visual effect these apps provide has a huge advantage over voice only "call". In an apparent attempt to pull back some users in using the hotlines, Jollibee Group teams up with Globe Telecoms to allow free calls on their Globe handset to order from their favorite fastfood. Yes, even without a load , you can make a call to the Hotlines. Here's the promotional poster. Just dial these numbers to order: Jollibee - #87000 Mang Inasal - #71111 Chowking - #98888 Greenwich - #55555 Burger King - #22222 For more information check this link http://business.globe.com.ph/news-and-events/jollibee-to-expand-express-delivery.html