The Asticom Group of Companies, a shared services provider under the Globe Group, said Wednesday it is in talks with possible investors ahead of its target initial public offering within the next five years.
“A number of private equities actually approached us in the past few months and have raised the interest in potentially having that strategic partnership. We are in the process of talking to them,” said Asticom president and chief executive Mharicar Castillo-Reyes.
“It may happen prior to conducting an IPO,” Reyes said in a virtual briefing.
Reyes said undertaking an IPO is part of the company’s five-year plan to continue growing its portfolio of services. The company hopes to generate more than 15,000 jobs for Filipinos through its portfolio of businesses as it strengthens its standing as a leading shared services company.
Asticom, which marked a milestone in 2021 after hitting the P2-billion revenue mark after six years of operations, aims to support more small-and-medium enterprises and startups in the country.
