Posted on August 7th, 2008 by PinoyBusiness
Because of this Yehey.com is postponing its plans to for an initial public offering. They are not the only company that has withdrawn its IPO plan, Cebu Pacific also shelved its planned IPO because of the current market condition. “Stock market conditions haven’t changed and remains at its all-time low. We deem that prospects are […]
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Posted on August 7th, 2008 by PinoyBusiness
Poor market performance has caused Cebu Pacific to finally shelve its planned IPO. It was supposed to list $309-million in IPO this year but eventually has decided against it because of the current market situation. “It (IPO) is shelved,’ Lance Gokongwei, President and CEO of Cebu Pacific, told reporters, he said that the airline […]
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