SB Capital offers high quality strategic advice & innovative financing solutions.
Nickel Asia Corporation (NIKL) is the Philippines’
largest producer of lateritic nickel ore.
Xurpas Inc. (X) is a technology company that was awarded Best Small Cap Equity Deal of 2014.
1. What is an IPO?
An Initial Public Offering (“IPO”) involves the initial offering and sale of shares of a company to the general investing public. The shares are then listed on the Philippine Stock Exchange (“PSE”) for public trading.
2. How do I find out about IPOs?
IPO plans are announced in the PSE website and in the news. You can also inquire about them with investment houses, stock brokerages and some banks. For any ongoing SB Capital-underwritten IPO, you may find them on this webpage.
3. How do I place an order for an IPO?
To invest in an IPO, you need to subscribe to shares either through investment houses (underwriters) or the trading participants (stock brokerages). You are required to fill-out an Application to Purchase (ATP) form and submit the necessary documentary requirements disclosed in the form (e.g. photocopies of valid IDs, specimen signature cards). Prior to placing an order, you must also setup an trading account with a trading participant / stock brokerage, which can be done through our brokerage arm, SB Equities, Inc.
Note that the order you placed on the ATP form remains subject to the issuer and the underwriter’s approval and allocation. To check the status of your application, you may contact our distribution team at [email protected] or 888-7003.
4. How long is the settlement period?
Stock market transactions are settled on the third day of the trade (T+3). The deadline for settlement of trades is 12:00 noon of T+3. This means that transactions done on Monday must be settled by Thursday 12:00 noon.
5. How soon can I sell my IPO shares?
You may immediately sell your IPO shares as long as it is within the PSE trading hours which starts at 9:30 a.m. and ends at 3:30 p.m. Trading days are Monday to Friday, except legal holidays when the BSP clearing house is closed.
6. Who are eligible to participate in an IPO?
Any person of legal age or duly organized and existing corporations, partnerships or other juridical entities regardless of nationality, subject to the restrictions by law can participate in an IPO.
7. What is the minimum investment for an IPO?
The minimum investment for an IPO is approximately P25,000 depending on the board lot size of an issue.
8. What are the benefits of investing in an IPO?
Like any equity investments, IPOs are part of a properly diversified portfolio. Before making a commercial decision, prospective investors should carefully consider the risks connected with an investment in the offer shares, certain of which are discussed in the prospectus.