IFC, a member of the World Bank Group, the innovator of EDGE (“Excellence in Design for Greater Efficiencies”), has awarded its green building certification to CDO’s twin-tower Primavera Residences, a mixed-use mid-rise condominium development in Cagayan de Oro, Philippines. The twin-tower building is the flagship development of Italpinas Development Corporation (IDC) in its thrust to build quality and sustainable homes to emerging market cities in the Philippines.
By Krista A. M. Montealegre | Business World - December 6, 2015
Property developer Italpinas Development Corp., the fifth company to go public this year, is expected to trek higher when it debuts on the Small, Medium and Emerging Board of the Philippine Stock Exchange (PSE) today, as a strong local investor base supports the stock amid sluggish market conditions.
"I think Italpinas is too small to affect the stock market. There is interest in the shares given the lack of supply that may drive its share price higher on listing day,” Alexander Adrian O. Tiu, senior equity analyst at AB Capital Securities, Inc., said in a phone interview.
By Doris Dumlao-Abadilla | Philippine Daily Inquirer - December 8, 2015
Shares of Italpinas Development Corp. (IDC) surged following the real estate company’s stock trading debut amid a scant public float on Monday, riding on buoyant regional markets and favorable growth prospects in the countryside.Overall market sentiment was upbeat but some investors pocketed gains in intra-day trade, thus curbing IDC’s rise after hitting the daily price ceiling.IDC opened 50 percent higher at P5.40 a share on its inaugural trading at the PSE’s small, medium and emerging board, from an initial public offering (IPO) price of P3.60 a share.
By Iris Gonzales | The Philippine Star - November 19, 2015
MANILA, Philippines - Italpinas Development Corp. has set its offer price at P3.60 per share. This represents a significant discount to the earlier announced maximum offer price of P4.20 per share. Italpinas hopes to raise as much as P207.3 million from its initial public offering of shares. It is set to debut on the Philippine Stock Exchange on Dec. 7, which will make it the fourth company to brave a volatile market this year after Crown Asia and SBS Philippines. Metro Retail Stores Group is slated to list on Nov. 24.