MANILA, Philippines – Computer and gadget retailer Upson International’s stock price closed 20.8% higher during its debut on the local bourse on Monday, April 3.
Philippine Stock Exchange president and chief executive officer Ramon Monzon lauded Upson’s decision to push through with its stock market debut even if the IPO’s final price was not its target price. Upson president and CEO Arlene Sy earlier said the company saw a “healthy participation” of institutional foreign investors during its IPO.