Maynilad Water Services (MWS) President Ramoncito Fernandez announced that the company aims to conduct its initial public offering (IPO) between late 2026 and early 2027, aligning with its franchise requirements to list before January 2027.
Fernandez emphasized that timing is critical and the optimal window for the IPO would be after the 2025 elections, potentially in the second half of 2026 or the first quarter of 2027.
He noted that the company’s recent P15 billion bond sale has helped build momentum toward the IPO.
Despite the ambitious plans, market observers express caution, noting that delays are possible and stressing the need for a smooth and clean listing process.
The anticipated IPO is expected to be significant, potentially ranging from P40 billion to P56 billion.
Source : PhilNews24 | August 28, 2024
