Gadgets retailer Upson International Corp. moved the timetable for its planned P5.4-billion maiden share offering to April.
Upson was initially planning to conduct its initial public offering in March.
Based on the adjusted IPO timetable filed with the Philippine Stock Exchange, Upson will set the final offer price for shares on March 16, after which offer period will run from March 21 to 27.
The shares will be listed on the main board of the Philippine Stock Exchange on April 3.
The IPO will consist of 789.47 million primary shares and 98.68 million secondary shares to be sold by the Upson chairman Lawrence Lee. The company also set aside 98.68 million shares to cover overallotment.
First Metro Investment Corp. and RCBC Capital Corp. are the joint lead underwriters for the offering.
