The Lopez group, through First Gen, bought Energy Development Corp. from the government in 2007 and has spent the 19 years since learning how deep the asset actually goes
The expansion of the equity pie alters the corporate math for all outsiders
The IPO now moves to its October 6 to 12 public offer period, when retail investors will be able to subscribe to shares at the P6.60 price
Millions of Filipinos already trust GCash to move their money. The IPO asks whether they should trust it with their investment capital.
The stock market and the economy are now at the inflection point where investors can find high-quality stocks that operate as natural hedges against a weakening peso
‘My main job is really to hand it over to the next gen,’ the third-generation Aznar tells Rappler. ‘Looking at the IPO process, the requirements, the standards that you are held to, it really coincided with my interest.’
From the world’s biggest asset manager to the World Bank’s private sector investment arm, GCash has already secured about P36.5 billion in cornerstone commitments ahead of its October 6-12 IPO offer period
Curiously, foreign investors appear to have been favoring International Container Terminal Services Inc. and Century Pacific Food Inc.
A Lopez Inc.-level deal is more radical because it goes straight to the family battlefield. Here’s our exclusive take on the options at the table.
Gabby Lopez found a way around the family fight that had stalled fresh money for the network. But the P6-billion rescue also rewrites who owns ABS-CBN, and who gets a say in what it becomes.