Connect with us

Hi, what are you looking for?


Medilines sets healthcare IPO price at P2.30

By Keren Concepcion G. Valmonte, Reporter

MEDILINES Distributors, Inc. on Wednesday set its initial public offering (IPO) price at P2.30 per share, lower by 6.12% than the price-ceiling it set. It could raise up to P1.9 billion from the sale of 825 million shares to the public.

“The final offer price seems to have been offered at around a 6% discount from the initial maximum offer price of up to P2.45,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a Viber message.

“Positioned as a pure-play healthcare IPO, this may further spark interest among investors to participate in the offering, especially amid the current environment with a lot of listing activities going on in the local scene,” he added.

Medilines Distributors, founded in 2002, is in the business of distributing medical devices used for diagnostics imaging, dialysis, and cancer therapy. It carries brands such as Siemens, B. Braun, and Varian.

The company’s primary offer is comprised of 550 million common shares, net proceeds of which will be used to finance the working capital for the procurements of its existing products, for building its medical consumables inventory, and to repay debt.

Meanwhile, Medilines Distributors Chairman Virgilio B. Villar will be offering 275 million common shares for the secondary offer. The company will not receive proceeds from the sale of Mr. Villar’s shares.

According to its preliminary prospectus dated Oct. 27, the company plans to run the offer period from Nov. 22 to 26, while its listing at the main board of the exchange is slated for Dec. 7 under ticker symbol “MEDIC.”

The company tapped PNB Capital and Investment Corp. to be the sole issue manager, lead underwriter, and sole bookrunner for the offer.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



REUTERS Shares of Germany’s largest bank Deutsche Bank plunged on Friday as investors fretted that regulators and central banks have yet to contain the...


US President Joseph R. Biden (left) and Canada Prime Minister Justin Pierre James Trudeau (right) original images from Reuters OTTAWA – US President Joe Biden and...


STOCK PHOTO Image by F1 Digitals from Pixabay LONDON – Most patients admitted to hospitals with acute viral infections are given antibiotics as a precaution against...


SYDNEY, – New Zealand Foreign Affairs Minister Nanaia Mahuta said on Saturday she had expressed concerns over the South China Sea and tensions in the Taiwan...


REUTERS WASHINGTON/NEW YORK – The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street....


Intel Co-Founder Gordon Moore link: SAN FRANCISCO – Intel Corp. co-founder Gordon Moore, a pioneer in the semiconductor industry whose “Moore’s Law” predicted a steady rise...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.