Xurpas Inc. (X) is one of the largest technology companies in the Philippines. They create and develop digital products and services for mobile-end consumers, proprietary platforms for mobile operators and digital ad campaigns for large corporates.

In 2014, Xurpas chose Security Bank by hiring SB Capital as the issue manager and lead underwriter for their Initial Public Offering (IPO) which was six times oversubscribed and the first in PSE history to open at its ceiling price (50% higher than IPO price). Xurpas received the Best Small Cap Equity Deal citation from Hong Kong-based institutional investment magazine Alpha Southeast Asia after this successful IPO.

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Issue Price: Php3.97
Closing Price at Issue Date: Php5.95
Issue Size: Php1,365,680,000.00
Shares: 344,000,000.00
Offer Period: November 17-25, 2014
Issue Date: December 2, 2014
1-day Return (after Issue Date): 49.87%
Minimum Subscription: 1000 shares
Denomination: 1000 shares
Role: Sole Lead Underwriter, Issue Manager, Bookrunner

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