PSE approves three more IPOs for 2015

segnaposto By Tribune Wires  - November 13, 2015

The Philippine Stock Exchange Inc. (PSE) has recently approved the initial public offering (IPO) applications of real estate developer Italpinas Development Corp., and construction firms Datem Inc. and D.M. Wenceslao & Associates Inc. 

The three companies will be joining the roster of IPOs in 2015, following Crown Asia Chemicals Corp. and SBS Philippines Corp. which listed in April and August, respectively.

Continue Reading

IDC’s fresh approach to country’s secondary cities

nov10By Marianne Grace Sarmiento | Business Mirror November 10, 2015

SEEING the country’s rapid real-estate developments and their effects on the environment, Italian architect Romolo Nati and Filipino lawyer Jose D. Leviste III teamed up in 2009 and established Italpinas Development Corp. (IDC), then known as Italpinas Euroasian Design and Eco-Development Corp.

Continue Reading

Italpinas pegs IPO price

segnapostoBy 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.

Continue Reading

Italpinas gears for more investment after planned IPO

image of primavera cityBy: Madelaine B. Miraflor - November 4, 2015

As it waits for final approval for its P242-million planned maiden share sale at the Philippine Stock Exchange (PSE), property developer Italpinas Development Corp. (IDC) is looking to spend more than a billion pesos for its two upcoming projects. Harold Dacumos, IDC’s vice president for banking and business development, said in a briefing in Makati on Wednesday that the company will be investing more than a billion pesos for two major projects that will start construction within this quarter and the first quarter of 2016.

Continue Reading