in Manila following its $1 billion float - the Philippines’ biggest by some margin. But even record-breakers will struggle to outrun their market and Manila’s record on IPOs is not great.
Of the country’s last 10 food and beverage IPOs, half averaged a 13% debut drop, and another four averaged a 6% rise according to analyst Oshadhi Kumarasiri of Lightstream, publishing on Smartkarma. Only one managed a genuine pop, up 50%. The good news is that those opening down tended to trade steadily after and rally by the third month.
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Monde Nissin debuts 0.14% lower after $1 bln Philippine IPOMonde Nissin Corp (MONDE.PS) saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country's largest-ever initial public offering (IPO). For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blaketeddy56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: Reuters - 🏆 2. / 97 Read more »
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