Stock market news: IP CONVERGE DATA CENTER, INC.IPO

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I got this message  again from my COL account 

See all awesome STOCK REPORTS in PinoyInvestor! (size 375x192)

Offer Price: P4.20/ share
Minimum Subscription: 1000 shares and thereafter, in multiples of 1000 shares
Offer Period: November 25 to November 30, 2010 – 12:00 Noon
 
COL End of Offer and Payment: November 30, 2010 
12:00 Noon
Tentative Listing Date: December 9, 2010 
Payment Terms: 100% due upon subscription not later
than November 30, 2010 12:00 Noon
INITIAL PUBLIC OFFERING FOR IP CONVERGE DATA 
CENTER, INC.

Please be informed that the Board of Directors of The Philippine Stock Exchange, Inc. approved on October 20, 2010, the application of IP CONVERGE DATA CENTER, INC. (CLOUD or the Company) for the initial listing of 181,866,669 common shares, with a par value of P1.00 per share under the Second Board of the Exchange consisting of the following:

a.136,400,002 common shares, representing the issued and outstanding shares of the Company prior to the Initial Public Offering (IPO) of the Companys shares; and
b.45,466,667 common shares, representing the common shares to be offered to the public on a primary basis.

THE OFFER

Offer Price : Php4.20 per share

Minimum   : 1000 shares, and thereafter in multiples of 
                     1000 shares

COL Offer Period : November 25 to November 30, 2010 
                 12:00 Noon

COL End of Offer and Payment   : November 30, 2010 
                 12:00 Noon

Tentative Listing Date  : December 9, 2010

Payment Terms  : Full payment on or before November
                 30, 2010

Important:

Due to the limited number of shares available,
subscriptions are not guaranteed which may force us 
to raffle minimum lots. We encourage clients to 
subscribe through the Local Small Investors (LSI)
Program, for details, click here.

For interested subscribers, please subscribe online by 

clicking here. Deadline for subscription requests and 
payment is on November 30, 2010 12:00 Noon.

NOTE: COL shall not process subscription requests for

accounts that fail to provide adequate funding given the
deadline of the payment on November 30, 2010.

Please be guided accordingly.

CitisecOnline Helpdesk
 
helpdesk@citiseconline.com
Financial Freedom Advocate About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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