XELEB Technologies Inc., the superstar recreation developer of listed era firm Xurpas Inc., is seeking to elevate as an awful lot as P736.6 million in sparkling price range from a planned preliminary public providing (IPO) centered in December.
Proceeds of the maiden share provide will commonly finance its recreation improvement operations and expansion inside the Southeast Asian location.
Xeleb said on Tuesday it filed its registration utility with the Securities and Exchange Commission (SEC), indicating its plan to provide as much as 290 million commonplace stocks at a rate variety of from P2.04 to P2.54 per proportion.
The employer seeks to list at the Small, Medium, and Emerging (SME) Board of the Philippine Stock Exchange (PSE) with the ticker symbol XLB. After the list, the organisation could have public float of nineteen.68 percentage.
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