News Formal

Top Line postpones planned P3.2-b IPO amid volatile market conditions

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

Top Line Business Development Corp., a Cebu-based fuel retailer, postponed its planned P3.2-billion initial public offering to first quarter of 2025 amid

volatile market conditions.

Top Line told reporters last week it would proceed with the IPO, which targeted an offer period of Nov. 27 to Dec. 3, 2024, with a listing on Dec. 12, 2024. “We are happy with the reception from our engagement with qualified institutional buyers, reflecting the strong fundamentals and positive prospects for the fuel industry,” Lim said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Filipino hospitality group earns top honors at World Business Outlook AwardsDiscovery Hospitality solidified its position as a leader in the Philippines’ hospitality industry when it secured the title of “Leading Hospitality Brand
Source: MlaStandard - 🏆 20. / 55 Read more »

Cebu’s TopLine optimistic about IPO despite market conditionsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Source: gmanews - 🏆 11. / 68 Read more »