Hi MTC Moolah Experts!
Since college, nadidinig ko na itong IPOs. Interesado ako dito, kaso noong panahong iyon (ang sikat yata na IPO that time is Petron), hindi kaya ng allowance ko to get this. Ngayon may konti na akong pangsunog, pinag-iisipan ko kung paano maging passive investor.
Kung mayroon naman kayong tips on IPOs, I would really appreciate some info para ma-break in man lang ako sa raket na ito.
I'll post this IPO info I got from RCBC. I think it's about First Gen's IPO. Baka pwedeng i-case study natin...
====================================================Initial Public Offering – Information Brief
Maximum of 344,930,900 common shares with a par value of P1.00 per share, broken down as follows:
180,910,900 to 219,930,900 shares
- to be re-issued out of the Company’s treasury common stock (Primary Offer)
Up to 125,000,000 shares
- to be offered by the Selling Shareholders composed of FGHC International, AIDEC and Sumitomo Netherlands (Secondary Offer).
P51.00 to P62.00 per Offer Share
Option granted by the Company to the Stabilizing Agent, UBS AG, exercisable within 30 days from the Listing Date, to purchase additional common shares comprising up to 15% of the Offer Shares to cover over-allotments, if any.
Any natural person of legal age residing in the Philippines regardless of nationality, or any corporation, association, partnership, trust account, fund or entity residing in and organized under the laws of the Philippines and/or licensed to do business in the Philippines, regardless of nationality, subject to the right of First Gen to reject and application or reduce the number of offer shares applied for subscription or purchase if the same will cause the Company to be in breach of the Philippine ownership requirement under relevant Philippine laws.
100 shares; in multiples of 100 shares thereafter
Use of Proceeds
Proceeds of the primary offer will be used for improvements to existing facilities, investments in capacity expansion, which may include potential acquisitions of power generation facilities and the development of Greenfield projects. A portion of the net proceeds will also be used by the Company for general corporate purposes, including working capital and investments.
Limited to a maximum of 40.0% of the Company’s issued and outstanding capital stock entitled to vote
Domestic Offer Period – January 31 to February 6, 2006
Listing Date – February 10, 2006
1. Where do I need to go to buy shares?
2. What are the extra charges to look out for?
3. Sabi dito, ang Offer Price ay P51.00 to P62.00 per Offer Share. So ano talaga ang presyo?
4. How do I redeem my investment? May lock-in period ba?
5. Lahat ba ng IPOs OK pasukan?