IPO News: Asia United Bank(AUB) listing on May 17, 2013

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The banking arm of the Rebisco Group is slated on May 17, 2013.

[caption id="attachment_1492" align="aligncenter" width="265"]Asia United Bank(AUB) upcoming IPO source: http://www.aub.com.ph[/caption]

It will be the second IPO this year following the lead of Philippine Business Bank which made its debut last February. With the increase in construction there is a need for financing and that is where banks come in. Also with domestic spending seen as the key factor in Philippines driving force for its growth, banks are needed to supplant that need.

Details of the said IPO is available here

  1. Name of Company: Asia United Bank
  2. Offer price: Price range of Php 80.00 - Php 110.00 of which final determination to be made on May 3, 2013
  3. Total shares to be listed: 102,857,140 million common shares
  4. Expected listing date: May 17, 2013
  Check out these further readings about Asia United Bank's upcoming IPO. Asia United Bank going public source: inquirer.net  
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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3 comments for “IPO News: Asia United Bank(AUB) listing on May 17, 2013

  1. C Cruz
    May 1, 2013 at 3:42 am

    Hi, Can you tell me how to participate in an IPO?

    • May 1, 2013 at 10:42 am

      C Cruz usually brokers have some allocated shares for their clients. When the number allocated to them and the price per share is available they post such information in their website and for those interested can place their reservatio . Based also on the information from AUB website account holders of AUB bank can inquire through the bank branches but again in order for you to trade the stocks you must have a accredited broker.

  2. May 5, 2013 at 12:01 pm

    For those interested in participating in the IPO of AUB(Asia United Bank) I believed the offer price was already determined to be at Php 95.00 per share.

    Mininum subscriotion is 100 shares and 10 shares thereafter. Also as per my COL online stockbroker they are online account holders were only allocated about 119,000 shares. ON the other my First Metro Sec online stockbroker just has a noticed about the AUB IPO and to those interested you can fill up the form for your reservation.

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