Stock market news: NAC(Nickel Asia Corp.) IPO


Got this message from my COL account regarding the anticipated IPO of Nickel Asia Corp.

Offer Price: P15.00 / share
Minimum Subscription: 1000 shares and thereafter, in multiples of 100 shares
Offer Period: November 8 to November 11, 2010 12:00 Noon
COL End of Offer and Payment: November 11, 2010 12:00 Noon
Tentative Listing Date: November 22, 2010 
Payment Terms: 100% due upon subscription not later than November 11, 2010 12:00 Noon


Please be informed that the Board of Directors of The Philippine Stock Exchange, Inc. approved on October 20, 2010, the application of NICKEL ASIA CORPORATION (NIKL or the Company) for the initial listing of up to 1,339,831,828 common shares, with a par value of P0.50 per share, under the First Board of the Exchange consisting of the following:

a.989,656,828 common shares, representing the total 

number of issued and outstanding shares of the 

Company prior to the Initial Public Offering (IPO) of the 

Companys shares;

b.Up to 304,500,000 common shares, representing the 

total number of shares, inclusive of 132,991,828 

common shares held in treasury, to be offered to the 

public on a primary basis; and 

c.Up to 45,675,000 common shares, representing the 

Over-Allotment Option in connection with the

companys IPO.


Offer Price              : Php15.00 per share

Minimum                : 1000 shares, and thereafter in 

                                  multiples of 100 shares

COL Offer Period    : November 8 to November 11, 2010

                                 12:00 Noon

COL End of Offer and Payment   : November 11, 2010

                                                       12:00 Noon

Tentative Listing Date   : November 22, 2010

Payment Terms             : Full payment on or before 

                                       November 11, 2010


For interested subscribers, please subscribe online on 

November 8, 2010 by clicking on the Nickel Asia 

Corporation Initial Public Offering (IPO) banner located

at the top and bottom of this page. Deadline for 

subscription requests and payment is on November 11,

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 11, 2010.

Please be guided accordingly.

CitisecOnline Helpdesk

[email protected]
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. Learn more about Louis and his financial freedom advocacy here.

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