Solar PHL unit IPO 2x oversubscribed : comparemela.com

The initial public offering (IPO) of Solar Philippines Nueva Ecija Corp. (SPNEC), a unit of Solar Philippines Inc., was almost two times oversubscribed ahead of its market debut by the end of the week, according to its underwriter. “SPNEC’s IPO was oversubscribed, receiving P5.3 billion in orders for the P2.7-billion…

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