“We feel it [P5] substantially reflects the value of Axelum’s worth while providing an upside for the Filipino investing public,” Axelum Chairman Romeo Chan told The Manila Times in a text message on Friday. Axelum Resources Corp. quarterly stock financials by MarketWatch. “Our local market is still facing turbulent times causing a dent on investors’ sentiment. Maine Mendoza’s camp seeks probe of sex video, Regulator expands retail electricity competition, AllHome opens 50th store through AllDigital, CitySavings raises P5B from notes issuance. View AXLM net cash flow, operating cash flow, operating expenses and cash dividends. In its August 19 meeting, the SEC en banc approved the initial public offerings (IPOs) of Axelum Resources and AllHome to raise as much as PHP4.767 billion and PHP12 billion in fresh … By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. MANILA-- The Securities and Exchange Commission (SEC) has cleared the way for coconut product manufacturer, Axelum Resources Corp., and home improvement retailer AllHome Corp. to debut on the stock market.. 100-million shares instead of the initially planned 430-million shares after Philippines' Axelum Resources Corp on Friday priced its initial public offering (IPO) looking to raise 5.65 billion pesos ($109 million) in the country's second IPO this year. All Home, Axelum get nod to hold October IPO posted August 29, 2019 at 08:20 pm by Jenniffer B. Austria The Philippine Stock Exchange approved the application of coconut processor Axelum Resources Corp. and homeware store chain operator All Home Corp. to … Previously, the company offered Here’s a quick update on the latest IPO! Philstocks Financial, Inc. research associate Japhet Tantiangco said that Axelum’s move to cut the maximum offer price was strategic given the current market conditions. Malaya Business Insight. the final price was set, as we believe Axelum is worth more than the set price First Metro Investment Corp., the AXELUM Resources Corp. on Friday further slashed the maximum offer price for its initial public offering (IPO) to P5 per share. news. PayMaya President Shailesh Baidwan said the figure represents how PayMaya has been “leading” the way to a “cashless Philippines” in 2020 and beyond. You are here: Home Philippine Standard Time . its IPO price at P5.72 per share at an offer size of P6.46 billion. This will gross for the company expand its domestic and international distribution networks, install new Axelum chairman Romeo Chan said demand for products like coconut water "exploded" in the last few years as consumers in the US and Europe became aware of the health benefits of the beverage. Cagayan de Oro City Postal Code 9000 8. capital expenditure requirements. The offer period starts September 2019. COCONUT manufacturer Axelum Annual balance sheet by MarketWatch. The country’s leading coconut product manufacturer, Axelum Resources Corp., expects to end the year on a “high note” despite challenges arising from the coronavirus (COVID-19) pandemic. P4 billion, some 700 million of which are primary shares and 100 million The lower IPO price prompted Axelum’s selling shareholder, CP Compass Singapore, to reduce the number of shares it would sell during the IPO to just 100 million shares from the … existing manufacturing facilities. Axelum Resources Corp. produces and supplies coconut products. MANILA - Coconut product manufacturer Axelum Resources Corp is banking on increased demand for coconut-based food and beverages as it prepares for its initial public offering in October. Search. COCONUT manufacturer Axelum Resources Corp. has its initial public offer (IPO) at P5 per share, and also reduced the secondary offer to 100 million secondary shares from … Have a blessed weekend! COCONUT manufacturer Axelum Resources Corp. has its initial public offer (IPO) at P5 per share, and also reduced the secondary offer to 100 million secondary shares from … Xiaomi founder Lei Jun can finally rejoice after the Chinese smartphone maker’s market value swelled past the $100 billion (roughly Rs. Kepwealth Property Philippines Inc (KPPI) raised P384.77 million in its IPO … Kepwealth’s listing date occurred on August 19, the same day the IPOs of AllHome and Axelum Resources were approved. Coconut exporter Axelum Resources Corp. has gone public on Monday albeit at a lower IPO price, kicking off a series of listings at the Philippine Stock Exchange before yearend. manufacturing facilities for new products, and improve and expand the company’s 21/01/2019 . The Philippine Stock Exchange Inc. on Thursday said it approved the planned initial public offering of coconut products maker Axelum Resources Corp. and home furnishing chain AllHome Corp… AXELUM Resources Corp. on Friday further slashed the maximum offer price for its initial public offering (IPO) to P5 per share. By lowering the maximum price and improving its attractiveness, Axelum could boost investors’ appetite toward its shares amid ongoing uncertainties,” he added. Listed on the main board of the Philippine Stock Exchange (PSE), shares of Axelum traded lower most of the session after opening at P5.29 per share, up 5.8%. The Securities and Exchange Commission on Monday said it has revoked the certificate of authority (CA) of lending firm Super Cash Lending Corp. for its unfair debt collection practices. Axelum closed 31 centavos lower at P4.69 on Monday, despite opening 5.8% or 29 centavos higher than its P5 offer price at P5.29. of October 7, 2019. Home furnishing chain AllHome Corp. will sell up to 1.12 billion shares valued at ₱16 each while coconut products manufacturer Axelum Resources Corp will offer 1.13 billion shares priced at … Conglomerates JG Summit Holdings Inc. and Metro Pacific Investments Corp. (MPIC) on Wednesday said they have agreed... You have entered an incorrect email address! The company’s board also approved to remove the restriction of using the proceeds of its initial public offering allocated... FINANCIAL technology (fintech) player PayMaya has enabled 28 million users with digital finance tools that create a “more inclusive and accessible cashless ecosystem” in the Philippines. Flipkart India reported a 12% growth in its revenues for the year ended March 31, 2020, at INR 34,610 Cr, and at the same time cut its losses by 18% to INR 3,150 Cr. Axelum has reduced its IPO to P5 per share in a move to attract more investors. The country’s leading coconut product manufacturer, Axelum Resources Corp., expects to end the year on a “high note” despite challenges arising from the coronavirus (COVID-19) pandemic. Cortex Enterprise Solutions was built to empower Filipino businesses to be on par with the digital... Fruitas Holdings Inc., an operator of food and beverage kiosks, on Monday said it has widened its scope of its potential acquisitions, which is no longer limited to food service. COCONUT manufacturer Axelum Resources Corp. announced on Monday that it had brought down the maximum offer price for its initial public offering (IPO) to P5.72 per share from P6.81 previously to boost market appetite. The Securities and Exchange Commission (SEC) on Wednesday said it revoked the certificate of authority of lending company Super Cash Lending Corp. for unfair... Villar-led AllHome Corp. introduced its 50th store with the opening of their specialty store AllDigital in Las Piñas City. ALLHOME Corp. has set the final offer price for its initial public offering (IPO) at P11.50 each — the low end of its indicative range, according to a notice on the stock exchange Thursday. AllHome will offer 750 million new common shares along with 375 million existing common shares currently held by AllValue Holdings Corporation, which has the option to offer 168.75 million more … What will you pick? Save my name, email, and website in this browser for the next time I comment. Axelum is looking to raise P7.7 billion from its IPO, which it will use to expand its operations. Axelum chairman Romeo Chan said, “We hope to raise up to P7.7 billion at a price […] ALL HOME VS AXELUM IPO Hi guys! It also reduced the … Shares of coconut product manufacturer Axelum Resources Corp. closed at P4.69 apiece on Monday, down 6.20% from its initial public offering (IPO) price of P5.00 per share. Members of the state-run Government Service Insurance System (GSIS) nationwide would be able to pay their loans via Meralco Bayad Centers starting January 22 next year. Listed on the main board of the Philippine Stock Exchange (PSE), shares of Axelum traded lower most of the session after opening at P5.29 per share, up 5.8%. 7,36,000 crores) mark, a figure his company … The first and previous company to list its shares on PSE was Kepwealth Property Phils., Inc., which priced its maiden offering at P5.74 per share. The Company offers milk powder, cream, water, and oil, as well as desiccated coconut. and joint lead underwriter. investment banking arm of the Metrobank Group, is the issue manager, bookrunner Here’s a quick update on the latest IPO! The offering period for AllHome’s IPO will begin on September 30 until October 4, with a tentative listing date on October 10 under the trading symbol Home. MANILA-- The Securities and Exchange Commission (SEC) has cleared the way for coconut product manufacturer, Axelum Resources Corp., and home improvement retailer AllHome Corp. to debut on the stock market. View AXLM net cash flow, operating cash flow, operating expenses and cash dividends. Axelum Resources Corp., a fully integrated manufacturer of high-quality coconut products for domestic and international use and distribution, has filed its application for an initial public offering (IPO) with the Securities & Exchange Commission and the Philippine Stock Exchange. Coconut king banks on Vitacoco, other products as firm preps for IPO; Axelum expects to raise P4.4 billion from the IPO based on a maximum offer price of P6.81 per share, the SEC said. primary shares will be used to fund the company’s strategic acquisitions, This website uses cookies to ensure you get the best experience on our website. Getting Started. “By updating the maximum offer price, we aim to optimize investors’ interest and appetite in our local stock market, include more investors while still maintaining funding for our strategic plans,” Axelum president Henry Raperoga said in an e-mail message. About Malaya Business Insight; Anniversary Issues. A portion of the proceeds will Axelum Resources Corp. produces and supplies coconut products. 37th Anniversary Report This site uses Akismet to reduce spam. You are here: Home The coconut product maker intends to sell up to 700 million primary shares and up to 430 million secondary shares. dec 10, 2020; sections . Former name or former address, if changed since last report NA 10. Axelum Resources Corp. produces and supplies coconut products. “By updating the maximum offer price, we aim to optimize investors’ interest and appetite in our local stock market, include more […] Axelum expects to raise P4.4 billion from the IPO based on a maximum offer price of P6.81 per share, the SEC said. Axelum Resources Corp. Philippine stock quote of (AXLM) (Axelum Resources Corp.). Offer period will be on September 24-30, while the target listing date is on October 7. Metro Manila will remain under general community quarantine (GCQ) until January, President Rodrigo Duterte said on Monday. COCONUT manufacturer Axelum Resources Corp. announced on Monday that it had brought down the maximum offer price for its initial public offering (IPO) to P5.72 per share from P6.81 previously to boost market appetite. SHARES in coconut products manufacturer Axelum Resources Corp. fell by 6.2% on the company’s first day of trading, failing to hold on to early gains as it reflected the general weakness in the local bourse. View all AXLM assets, cash, debt, liabilities, shareholder equity and investments. Axelum is among the three firms that was given the green light by the Philippine Stock Exchange to proceed with IPO after securing regulatory approval in August. symbol AXLM in the main board of the Philippine Stock Exchange. 47 • all news 47 all news 47 • world news 21 • national 16 • top stories 10 • features • pinoy abroad The IPO’s proceeds from the Chan said P1.8 billion will be used to acquire other companies, P580 million will go to expanding Axelum's international and local distribution channels, while P470 million … Listed Fruitas Holdings Inc. (FHI) looks to widen the scope of its future acquisitions after it met its community store target for the year. Shares of Axelum Resources Corp. dipped 6.2 percent on its listing day yesterday to close at P4.69 from an initial public offer (IPO) price of P5. MANILA, Philippines – Axelum Resources Corporation debuts on the main board of the Philippine Stock Exchange (PSE) ... Axelum is pursuing an initial public offering (IPO… Villars' AllHome, coconut producer Axelum get SEC approval for IPO MANILA - The Securities and Exchange Commission on Monday said it approved the initial public offerings of the housing supplies retailer AllHome Corp and coconut product manufacturer Axelum Resources Corp. The IPO-bound firm said that the final price will be announced on September 20. Axelum will carry the trading Province, country or other jurisdiction of incorporation PHILIPPINES 6. 47 • all news 47 all news 47 • world news 21 • national 16 • top stories 10 • features • pinoy abroad I just had an IPO Alert from PSEI so I decided to check out some videos regarding IPO ( Initial Public Offering ) investing. “We feel it [P5] substantially reflects the value of Axelum’s worth while providing an upside for the Filipino investing public,” Axelum Chairman Romeo Chan told The Manila Times in a text message on Friday. The official listing dates of AllHome and Axelum Resources are yet to be confirmed. Get the latest news from your inbox for free. AllHome is set to be offered at a maximum price of P16 per share, while Axelum's price is at most P6.81. The SEC also approved Axelum's plan to offer 400,000,000 treasury shares and 300,000,000 new common shares along with 430,000,000 existing common shares. Axelum Resources Corp. Quarterly cash flow by MarketWatch. Benefits of Listing; Listing Process; Listing Requirements reduced the secondary offer to 100 million secondary shares from an earlier Axelum lowered its maximum offer price to P5.72 per share last September 16 from its original maximum offer price of P6.81 per share as it tried to gauge investor interest in the IPO. 21/08/2019 PSE Stocks . The Company offers milk powder, cream, water, and oil, as well as desiccated coconut. Issuer's telephone number, including area code 028510715 9. Axelum files for IPO . Axelum’s IPO price set at P5/share Integrated coconut product manufacturer and exporter Axelum Resources Corp. has finalized its initial public offering (IPO) at P4 billion, with a mix of primary and secondary shares offered to the market at P5 a share. Axelum’s IPO, together with the uptrend projection in the global price of coconut oil and bullish forecast for the demand on coconut oil, is a brilliant preparation for what’s ahead. Axelum IPO Hi guys! Here are the top five things every investor needs to know about Axelum Resources Corp’s IPO: 1. “We decided to sell only Industry Classification Code(SEC Use Only) 7. Axelum Resources Corp. is a fully-integrated manufacturer of high quality coconut products for domestic and international food & beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, coconut coffee creamer manufacturers, cosmetics and diet prepared food market. Home. In a news statement issued on Monday, GSIS said it has partnered with Meralco Bayad Center to accept loan payments from GSIS members... San Miguel Corp. (SMC) said on Monday it is partially opening the 18-kilometer Skyway Stage 3 providing motorists with free toll for a month. AXELUM RESOURCES CORP. 5. Here’s a quick comparison of ALL HOME vs AXELUM! Axelum Resources Corp., a fully integrated manufacturer of high-quality coconut products for domestic and international use and distribution, has filed its application for an initial public offering (IPO) with the Securities & Exchange Commission and the Philippine Stock Exchange. Know the structure of the IPO offering. First Metro Investment Corp. was tapped to serve as the issue manager, bookrunner and joint lead underwriter — along with BPI Capital — of the transaction. You have successfully joined our subscriber list. Axelum files for IPO. The Company uses all the parts of the coconut in its … Ramon S. Ang, the company’s president, said for the partial opening motorists will be able to use up to four lanes of Skyway 3. When all is said and done, I still strongly recommend that you apply risk management in trading AXLM once it … View the latest AXLM financial statements, income statements and financial ratios. Coconut exporter Axelum Resources Corp. has gone public on Monday albeit at a lower IPO price, kicking off a series of listings at the Philippine Stock Exchange before yearend. The PSE also approved Axelum Resources’ initial listing of up to 4,000,000,000 common shares to the exchange’s main board on August 28 at an offer price of P6.81 apiece. Learn how your comment data is processed. secondary shares, in an offer that will run on, and with a target listing date news. Axelum Resources Corp. is a fully-integrated manufacturer and exporter of premium coconut and products for leading domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service enterprises, and nutritionals and personal care brands. With the new maximum offer price, Axelum can possibly raise as much as P6.46 billion, down from P7.7 billion before. The offer period starts September 2019. Copyright © The Manila Times – All Rights Reserved. A COCONUT products manufacturer is looking to raise up to P7.7 billion via an initial public offering (IPO) in October. Axelum files for IPO. Axelum Resources Corp., a fully integrated manufacturer of high-quality coconut products for domesti... 17/04/2019 . In its August 19 meeting, the Commission En Banc approved the maiden offering of Axelum Resources and AllHome to raise as much as P7.7 billion and P20.7 billion in fresh capital, respectively. Proceeds of the transaction will go to the company’s strategic acquisitions, expansion of distribution channels and upgrading of facilities, among others. The Company offers milk powder, cream, water, and oil, as well as desiccated coconut. PSE Stocks . Axelum’s IPO, together with the uptrend projection in the global price of coconut oil and bullish forecast for the demand on coconut oil, is a brilliant preparation for what’s ahead. Axelum IPO Hi guys! The shares were offered from September 24 to 30. Axelum chairman Romeo Chan said, “We hope to raise up to P7.7 billion at a price […] BPI Capital Corp. is also joint lead underwriter. Tiano-Montalvan Sts. Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines. Company Description; Axelum Resources Corp. (AXLM) was incorporated and registered with the Securities and Exchange Commission on August 19, 2010 initially to enter into direct manufacturing and or toll manufacturing of coconut water and other coconut products for … Integrated coconut products manufacturer and exporter Axelum Resources Corporation has reduced the number of shares and lowered the offer price for its initial public offering (IPO) to P5.00 per share. planned 400 million shares. Axelum Resources serves customers worldwide. “By updating the maximum offer price, we aim to optimize investors’ interest and appetite in our local stock market, include more […] HOME; LISTING. I just had an IPO Alert from PSEI so I decided to check out some videos regarding IPO ( Initial Public Offering ) investing. Axelum Resources Corp. pegged the final offer price for its planned initial public offering at P5 per share. What do you like more? Market AllHome is set to be offered at a maximum price of P16 per share, while Axelum's price is at most P6.81. Axelum Resources Corp. respect your privacy and will keep secure and confidential all personal and sensitive information that you may provide to ARC, and/or those that ARC may collect from you ("Personal Data"). When AXLM’s applied for IPO, it initially planned to offer 1.13 billion shares composed of 300 million primary shares and 830 million secondary shares. Let us be reminded of the reason for the season, and reflect on Jesus & his Resurrection. When all is said and done, I still strongly recommend that you apply risk management in trading AXLM once it … Axelum Resources Corp. also be utilized to retire the company’s loans, reduce payables and fund other dec 10, 2020; sections . Axelum Resources Corp. is a fully-integrated manufacturer of high quality coconut products for domestic and international food & beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, coconut coffee creamer manufacturers, cosmetics and diet prepared food market. Resources Corp. has its initial public offer (IPO) at P5 per share, and also capitalization is estimated to reach P20 billion upon listing. In an order, the SEC's Corporate Governance and Finance Department found the company, through its online lending platforms Super Cash,... Fruitas widens scope of acquisition targets, SEC defers accounting rules for real estate sector to 2023, JG Summit, MPIC transfer holdings in GBP to MGen, PSE schedules activities for Financial Literacy Week, SBMA: Measures for ‘ease of doing business’ in place, SMART SOLUTIONS FOR SMARTER BUSINESS | Unleashing the fullest potential of Filipino enterprises, With 28-million users, PayMaya affirms support for digital finance goal of Central Bank, Meralco Bayad Center to accept GSIS loan payments starting January 22, 2021, Free toll for a month: SMC bares partial opening of Skyway 3 today. of P5 per share,” Axelum Director Jason Rosenblatt said. The company also set aside for loans, payables and other capital expenditure requirements. In a statement, Axelum Resources Corp. said it has filed an application for an IPO with the Securities & Exchange Commission (SEC) and Philippine Stock Exchange (PSE). The final price is lower than the company’s earlier target of P16 apiece, where it would have raised P20.7 billion. Philippine Standard Time . Shares of coconut product manufacturer Axelum Resources Corp. closed at P4.69 apiece on Monday, down 6.20% from its initial public offering (IPO) price of P5.00 per share. COCONUT manufacturer Axelum Resources Corp. announced on Monday that it had brought down the maximum offer price for its initial public offering (IPO) to P5.72 per share from P6.81 previously to boost market appetite. What stock will you buy? Address of principal office ICS Bldg. In observance of Holy Week, our business office will be closed on April 18 to 19 and will resume on April 22. Axelum Resources Corp. Quarterly cash flow by MarketWatch. , liabilities, shareholder equity and investments from September 24 to 30 address, if changed since last report 10. Disabling cookies in your web browser, you are agreeing to our use of cookies this browser for next... 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