PSE approves IPO for Villar’s AllHome, Axelum Resources

The Philippine Stock Exchange (PSE) on Wednesday gave the green light for the planned initial public offerings of Villar-led home furnishing retailer AllHome Corporation and coconut products exporter Axelum Resources Corporation.

Based on the listing notices posted by the PSE, the local bourse operator gave the go signal for AllHome’s listing on the market’s main board on August 28.

AllHome will be offering an initial listing of 3,750,000,002 common shares at an offer price of P16.00 apiece.

The PSE also approved Axelum Resources’ initial listing of up to 4,000,000,000 common shares to the exchange’s main board on August 28 at an offer price of P6.81 apiece.

The offering period for AllHome’s IPO will begin on September 30 until October 4, with a tentative listing date on October 10 under the trading symbol Home.

Axelum’s offer period, on the other hand, will be from September 24 to 30, with a tentative listing date on October 7 under the trading symbol AXLM. — BM, GMA News