Cebu Pacific IPO to raise $620 million

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By TESTCustomwebLP TESTCustomwebLP October 11, 2010 14:34

Cebu Pacific IPO to raise $620 million

Philippine low cost carrier Cebu Pacific announced on Friday that it hopes to raise up to 26.83 billion pesos ($620 million) in its initial public offering. The final offer price has been set at 125 pesos per common share.

The airline is selling up to 214.63 million common shares to raise funds to expand its fleet. The IPO will launch on Tuesday.

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By TESTCustomwebLP TESTCustomwebLP October 11, 2010 14:34
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