Reuters are reporting that Cemex Holdings Philippines, a subsidiary of Cemex, will launch an initial public offering of up to US$526 million on 21 June.
The company is offering 2.03 billion shares in an indicative range of 10.50 pesos to 12.00 pesos each.
Cemex Holdings Philippines has secured US$125 million from seven cornerstone investors for the IPO.
Edited from source by Joseph Green. Source: Reuters
