Maynilad IPO price may fall within ₱12-₱14 range based on investor feedback

Maynilad IPO price may fall within ₱12-₱14 range based on investor feedback

After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding process.If the offer price is reduced, the IPO size will decrease to between ₱27.5 billion and ₱32 billion, down from the ₱45.8 billion in gross proceeds state…