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SEC clears Converge ICT's P41.55-billion market debut

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Converge expects to raise about P11.07 billion from the primary offer, with 90% of the net proceeds to be used for its nationwide fiber network rollout.

of Converge Information and Communications Technology Solutions .

Converge earlier said pricing is targeted to be on October 9, while the listing date and start of trading on the PSE would be October 26. Asia United Bank Corporation, First Metro Investment Corporation, Maybank ATR Kim Eng Capital Partners Incorporated, PNB Capital and Investment Corporation, and RCBC Capital Corporation will also act as local participating underwriters.

 

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