Nickel Asia Corporation (NIKL) Is the Philippines’ largest producer of lateritic nickel ore and one of the largest in the world. The company’s long operating history dates back since 1977. NAC has been providing both Japanese and Chinese market with their products. NAC’s seven subsidiaries ranges from exploration of new opportunities such as gold and copper, to power generation.
SB Capital was Joint Domestic Lead Underwriter for Nickel Asia Corporation’s (“NAC”) IPO, considered to be the most successful IPO in 2010 and where the domestic tranche was 5x oversubscribed.
| Issue Price: | Php15.00 |
|---|---|
| Closing Price at Issue Date: | Php16.50 |
| Issue Size: | Php5,252,625,000.00 |
| Shares: | 350,175,000.00 |
| Offer Period: | November 9-16, 2010 |
| Issue Date: | November 22, 2010 | 1-day Return (after Issue Date): | 10.00% |
| Minimum Subscription: | 1000 shares |
| Denomination: | 100 shares |
| Role: | Joint Domestic Lead Underwriter |
Stock Performance
