Maynilad Water seeks to raise up to $858 mln in IPO

First Pacific

16/03/2025 23:56

March 17 (Reuters) - Hong Kong's First Pacific 0142.HK said on Monday its Philippine affiliate, Maynilad Water Services, is seeking to raise up to 49.15 billion pesos ($857.75 million) from an initial public offering.

Under the deal, Maynilad is offering up to 2.46 billion shares with an expected offer price of as much as 20 pesos apiece.

($1 = 57.3010 Philippine pesos)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Rishav.Chatterjee@thomsonreuters.com;))