Maynilad Water Services Inc. is looking at an earlier launch for its initial public offering to secure funding for its five-year, P163-billion capital expenditures program.
Maynilad said it could not disclose yet how much it would raise from the IPO. “It will depend on the valuation of the market and the market conditions prevailing during the time of the IPO,” delos Reyes said. “We’ve looked for a chance to involve more people to participate in building our water sector’s infrastructure,” he said.
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