Singapore's Del Monte Pacific delays Philippine unit IPO on virus surge

Del Monte Philippines Inc in April filed for an offering that could raise up to 44.1 billion Philippine pesos ($888.8 million), making it the second-largest share offering in the Philippines

SINGAPORE: Food and beverages firm Del Monte Pacific said on Wednesday it would delay the initial public offering of its Philippine unit, as the country reels from a surge in coronavirus cases.

Del Monte Philippines Inc in April filed for an offering that could raise up to 44.1 billion Philippine pesos ($888.8 million), making it the second-largest share offering in the Philippines.