Cemex Holdings leads IPO list in the Philippines


Big acquisition: Logo of PLDT is seen at their headquarters in the financial district of Makati city, metro Manila. The company and Globe Telecom Inc recently acquired the telecommunications business assets of San Miguel Corp for US1.5bil. – Reuters

CREATING a record in recent years, Cemex Holdings Philippines Inc became the largest initial public offering (IPO) to list on the Philippines Stock Exchange in 2016.

The cement maker is part of the Cemex group globally and had raised some US$533.4mil in a listing that is the third largest in the history of the Philippines.

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