WEBINAR LINK - September 26 2020 5pm
https://tinyurl.com/titovlogs

In today's video, we discussed Converge ICT IPO.

Converge is a Pampanga based company that offers broadband and fixed line internet service. It will rival with GLOBE, SMART PLDT, NOW and DITO.

Company Details
BUSINESS MODEL - Broadband / Fixed Lined Internet service provider

2019 REVENUE - 9.14 BILLION
2020 H1 REVENUE - 6.29 BILLION (Up by 65% compared to same period last year

IPO Details
MAXIMUM OFFER PRICE - 24 PESOS PER SHARE
NUMBER OF SHARES - 1.3BILLION
IPO PROCEEDS - 35.92 BILLION
OFFER PERIOD - OCTOBER 13-19 2020
JOINT UNDERWRITER - BPI & BDO CAPITAL
JOINT BOOKRUNNER - MORGAN STANLEY & UBS AG

IPO Proceeds Plans
8.22B - COMPANY EXPANSION FOR 2021 TO 2022 -
27.7 BILLION - WILL GO TO ITS SHARES HOLDERS

ADDITIONAL FINANCING
10 BILLION VIA 7 YEAR LOAN TERM

Source: https://business.inquirer.net/306101/...

OTHER LARGE IPOS
CEBU PACIFIC
ROBINSONS RETAIL
SHELL PHILIPPINES
CEMEX HOLDING

RECENT IPO
MERRY MART - 1/share | 1.6B shares
AYALA REIT - 27/share | 478M shares

Competitor's Market Cap
PLDT - 298B
GLOBE - 285B
DITO - 10B
NOW - 4B
CONVERGE - 110B approx