MANILA, July 5 (Reuters): Philippine fiber broadband services provider Converge ICT Solutions Inc, has filed for an initial public offering (IPO) of up to 35.92 billion pesos (US$725 million) on the local bourse, braving volatile markets amid the coronavirus pandemic.
Converge ICT is seeking regulator approval to sell as many as 1.496 billion shares at a maximum price of 24 pesos ($0.48) each in October in the country's second IPO this year, according to filing documents to the corporate regulator.
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