PSE OKs All Home, Axelum listing applications

The Philippine Stock Exchange has approved the stock market debuts of Manny Villar’s All Home Corp. and coconut producer Axelum Resources Corp.

Home improvement retailer All Home is looking to raise up to P20.7 billion from an initial public offering scheduled on Sept. 30-Oct.4. Its shares are set for listing on Oct. 10.

AllHome is selling to the public as much as 1.29 billion shares at a maximum price of P16 each.

Meanwhile, Axelum will offer as much as 1.61 billion shares to raise around P7.7 billion. The shares will be priced at a maximum of P6.81 apiece.

Axelum’s IPO is expected to run from Sept. 24 to 30. Listing of the shares has been scheduled on and listing on Oct. 7.

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