Upson’s P4.34-B IPO secures SEC approval

The Securities and Change Fee (SEC) cleared an preliminary public providing price as a lot as P4.34 billion deliberate by the corporate that operates {hardware} and software program retailing chains Octagon Pc Superstore, Micro Valley and Gadget King.

In its September 1 assembly, the SEC en banc accredited the registration assertion of Upson Worldwide Corp. overlaying about 3.29 billion widespread shares, topic to the corporate’s compliance with sure remaining necessities.

Upson will provide as much as 789.47 million new widespread shares at a most worth of P5.50 per share. The provide will even embody 98.68 million widespread shares to be issued by a promoting shareholder, with an extra 98.68 …

Carry on studying: Upson’s P4.34-B IPO secures SEC approval

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