GT Capital yesterday kicked off the international roadshow and bookbuilding for its initial public offering, which is the first on the Philippine Stock Exchange this year.
The conglomerate is the holding company of the Ty family’s businesses, which range from banking and real estate development to power generation, auto manufacturing and life insurance. The portfolio gives it a diversified exposure to the growth of domestic consumption and the broader Philippine economy and makes it an attractive investment target for international funds looking for ways to play this growth. The holdings include several listed units, such as blue-chip Metropolitan Bank and Trust MBT.
GT Capital has set...
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