MARKET DEBUT. Fruitas aims to go public before 2019 ends. Photo from Fruitas' Facebook pagegot the nod of the Securities and Exchange Commission for its plans to go public and raise some P1.2 billion.will have a base offer of over 533 million common shares with an overallotment option of up to 68.3 million outstanding common shares at a maximum price of P1.99 each.
Should the company's plans be given the green light by the Philippine Stock Exchange, the investing public can partake of up to 28.2% of the company's total issued common shares. BDO Capital and Investment Corporation and First Metro Investment Corporation were appointed as joint issue managers, bookrunners, and lead underwriters for the offering.
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