DITO to launch equity offering on Nov. 20
November 14, 2024
DITO CME Holdings Corp. is set to finally launch its follow-on offering of up to P4.2 billion next week, after one month of delay as it stepped back to assess the market.
In a disclosure on Wednesday, the parent company of DITO Telecommunity (DITO Tel) announced that the offer would run on Nov. 20 to 26.
The transaction—which may cost P1 to P2.15 per share—involves 1.95 billion primary common shares. Final pricing is set to be announced on Nov. 15. The shares will be listed on the Philippine Stock Exchange on Dec. 6.
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