LN00017-2023 |
Subject | Upson International Corp.: Initial Public Offering – Preliminary Terms and Conditions |
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Company Name | Upson International Corp. |
Mode of Listing | Initial Public Offering |
Type of Security | Stock Symbol | Par Value | |
---|---|---|---|
Common Shares | UPSON | Php 0.20 |
Stock Symbol | Type of Shares | Number of shares Pre-Offer |
Number of shares Post-Offer |
|
---|---|---|---|---|
UPSON | Common Shares | 2,500,000,300 | 3,289,473,900 |
Stock Symbol | Type of Shares | Number of shares Pre-Offer |
Number of shares Post-Offer |
|
---|---|---|---|---|
UPSON | Common Shares | 2,500,000,300 | 3,289,473,900 |
Stock Symbol | Type of Shares | Number of shares Pre-Offer |
Number of shares Post-Offer |
|
---|---|---|---|---|
- | - | - | - |
Stock Symbol | No. of Shares | |
---|---|---|
UPSON | Up to 789,473,600 |
Stock Symbol | No. of Shares | |
---|---|---|
UPSON | Up to 98,684,200 |
Stock Symbol | No. of Shares | |
---|---|---|
UPSON | Up to 888,157,800 |
Stock Symbol | No. of Shares | |
---|---|---|
UPSON | Up to 98,684,200 |
Stock Symbol | No. of Shares | |
---|---|---|
UPSON | Up to 3,289,473,900 |
Offer Price | Up to Php 5.50 |
---|---|
Market Capitalization (Post-IPO) | Up to Php 18,092,106,450.00 |
TP Allocation | Up to 177,631,600 common shares equivalent to up to Php 976,973,800.00 |
Allocation per TP | Up to 1,432,500 common shares equivalent to up to Php 7,878,750.00 |
LSI Allocation | Up to 88,815,800 common shares equivalent to up to Php 488,486,900.00 |
Estimated Public Float (with Overallotment/Oversubscription) | 30.00% |
Estimated Public Float (without Overallotment/Oversubscription) | 27.00% |
Stock Symbol | No. of Shares | Duration of Lock-up | |
---|---|---|---|
UPSON | 2,213,464,535 | 180 days |
Stock Transfer Agent | Philippine National Bank acting through its Trust Banking Group |
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Receiving Agent | Philippine National Bank acting through its Trust Banking Group |
Escrow Agent | Philippine National Bank acting through its Trust Banking Group |
External Auditor | Reyes Tacandong & Co. |
Price-Setting Date | Feb 28, 2023 |
Start of Offer Period | Mar 6, 2023 |
End of Offer Period | Mar 10, 2023 |
Tentative Listing Date | Mar 16, 2023 |
Corporate Website Hyperlink to the Prospectus | TBA |
Other Relevant Information |
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The Exchange approved the application of Upson International Corp. (the “Company” or “UPSON”) for the initial listing of up to 3,289,473,900 common shares, with a par value of Php 0.20 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”). |
Name | Norberto Moreno Jr. |
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Designation | Listings Department |