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By: Marvin Germo | August 12, 2019

The First Company To Go Public

The first company in the Philippines to go public? It’s no other than Kepwealth Property Phils, Inc. (KPPI). This should be followed by AllHome—another Philippine company that is planning to launch its first initial public offering this year. During its IPO, Kepwealth was able to raise P384.77 million after the offer period finished last August 9, Friday. BDO Capital & Investment Corporation was the only issue manager, bookrunner, and underwriter and according to it, the investors received the offering pretty well. Here are some of the information you need to know about Kepwealth and its IPO.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

Stock Smarts Hong Kong – August 11, 2019

ICON Iloilo – August 17, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

A Small IPO

BDO described the offering as a small IPO. The whole market was not needed to successfully launch the offering. In fact, the trading participant and local small investor tranches were wholly subscribed. Kepwealth’s total shares during the IPO were at 67.032 million and these were priced at P5.74 per share from August 5 to 9. On August 19, these shares will be listed in the Philippine Stock Exchange under Small, Medium, and Emerging Board with ticker “KPPI”. The public float of the company will be 33.34% and the market capitalization will stand at P1.154 billion upon listing.

Use Of Proceeds

Since Kepwealth was able to raise a significant amount of fund during its IPO, the proceeds will be used to buy a leasable office space with a size of 3,500 square meters. An estimated P245 million will be used for office spaces in Makati City, Pasig City, and Quezon City and this will be done within the first 6 months of 2020. All the rest will be utilized to acquire offices in Davao area. It’s really good to know that this company is looking forward to expanding its properties. If you’re looking for a company to invest in and you want it to be in the real estate side, you might want to consider KPPI.

About KPPI

For those who have no idea who is KPPI yet, here are some of its basic information. It was incorporated in 2005 and now, it has 77 units with 98 leasable spaces. Its Kepwealth Center, which is a 15-story building is located in Cebu Business Park. The center was accredited by the Philippine Economic Zone Authority and the spaces are being occupied by local and international tenants. There are also 459 units in different buildings here in Manila that are being managed by KPPI as well. Some of it are Medical Plaza Ortigas, Oxford Suites, Burgundy West Bay Tower, Burgundy Corporate Tower, Icon Macapagal, Atrium Mall, and Vivaldi Residences-Cubao Commercial Space.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
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