MANILA, (Oct 10 (Bloomberg): Converge Information and Communications Technology Solutions Inc and its shareholders has raised 25.3 billion pesos (US$523 million) after pricing its Philippines initial public offering near the low end of its marketed range.
The Warburg Pincus-backed Philippine broadband operator priced 1.51 billion shares at 16.8 pesos each, according to an exchange filing on Friday (Oct 9).
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