Cement News tagged under: Initial Public Offering (IPO)
Loma Negra sets its IPO at US$19/ADS01 November 2017, Published under Cement NewsLoma Negra Cia Industrial Argentina SA said on Tuesday its initial public offering was priced at US$19 per American Depository share (ADS), raising about US$954m (US$40.4m). The US$50.2m ADS offering was priced at the top of the proposed range of US$15 to US$19, with each ADS representing five common domestic shares. Most of the proceeds will go to InterCement Brasil SA, Brazil’s second-largest cement producer, which owns 99 per cent of Loma Negra. The rest will go to Loma Negra, the c... |
JSW Cement Ltd plots 20Mta capacity by 2019 with IPO17 October 2017, Published under Cement NewsJSW Cement Ltd signalled its intention to expand capacity to 20Mta from its current 12.5Mta and launch an initial public offering (IPO) sometime after the 2019 general election, the company's Managing Director, Parth Jindal, said on Monday. Mr Jindal said that the capital raised through the IPO will be used to further expand capacity as the company aims to be one of the top three cement manufacturers in the country. The capacity expansion will be implemented by setting up a new 1.2Mta ... |
Loma Negra sets out the terms of its IPO13 October 2017, Published under Cement NewsArgentina's Loma Negra the announced terms for its IPO on Thursday. The company is planning a global offering and intends to list ADSs on the NYSE and ordinary shares on the Bolsas y Mercados Argentinos (BYMA) under the symbol LOMA. The Buenos Aires-based company plans to raise US$751m by offering 44.2m ADSs (100 per cent insider) at a range of US$15-19 plus an additional US$102m by offering up to 30m new ordinary shares at a range of US$3.00-3.80 for a combined US$853m in total proceeds.... |
Loma Negra files for IPO06 September 2017, Published under Cement NewsArgentine cement maker Loma Negra Corp has filed for an initial public offering, according to a SEC filing late Tuesday. "We believe that the economic recovery of Argentina represents one of the most attractive opportunities in global emerging markets today," the company said in the filing. "Cement consumption is highly correlated to economic activity and we expect demand for cement to grow significantly within the next five years in Argentina." Risks included cement-industry cycl... |
Loma Negra board to consider equity offering13 June 2017, Published under Cement NewsCimpor announced that the board of directors of its subsidiary, Loma Negra (Argentina) has called for an Extraordinary General Meeting (EGM) to consider the necessary moves required for it to pursue an equity offering on the local and international capital markets. The move is among the initiatives undertaken by Cimpor “to reinforce its capital structure,” the parent company said in a statement. The EGM will be held on 3 July in Olavarría, Argentina. |
Eagle Cement IPO oversubscribed25 May 2017, Published under Cement NewsEagle Cement Corp's Initial Public Offering (IPO) has been well received, with its initial public offering (IPO) oversubscribed by more than three times. Completing its offer on 22 May 2017, Eagle priced its IPO at PHP15 per share and sold 500m common shares by way of primary offer with an overallotment option of up to 75m secondary shares. Joint lead underwriters China Bank Capital Corp, SB Capital Investment Corp, and PNB Capital and Investment Corp, attributed the market’s positive re... |
Eagle Cement Corp prices IPO at PHP1515 May 2017, Published under Cement NewsEagle Cement Corp has priced its initial public offering (IPO) at PHP15 (US$0.30)/share, following the recent approval of its public listing by the Philippine Stock Exchange (PSE), to raise up to PHP8.63bn. The firm plans to sell 500m common shares by way of primary offer with an over-allotment option of up to 75m secondary shares. The offer period is set on 16-22 2017 while target listing date is on 29 May 2017. "We are very pleased with the bookbuilding results. The issue was well r... |
Eagle Cement Corp gets IPO nod11 May 2017, Published under Cement NewsThe Board of the Philippine Stock Exchange (PSE) yesterday approved the initial public offering (IPO) applications of cement maker Eagle Cement Corporation. Eagle Cement will be offering 500m primary shares at a maximum price of PHP16.00 (US$0.32) per share. The scheduled offer period for Eagle is 16-22 May. |
Eagle Cement moves listing date28 April 2017, Published under Cement NewsEagle Cement Corp has moved the listing of its shares on the Philippine Stock Exchange (PSE) from 17 May 2017 to 29 May 2017 as it awaits all the necessary regulatory approvals. The cement producer is embarking on an initial public offering (IPO) to raise PHP9.2bn (US$183.6m) from an offer of up to 575m shares at a maximum price of PHP16/share. The company’s IPO has already obtained the green light from the Securities and Exchange Commission and is just waiting for the approval of the P... |
Philippines: Eagle Materials gets IPO green light21 April 2017, Published under Cement NewsThe Securities and Exchange Commission of the Philippines has approved the initial public offering applications of cement-maker Eagle Cement Corp. Based on a document from the SEC, Eagle Cement was given authority to sell up to 575m shares at PHP16/share. The offer will consist of 500m primary shares and up to 75m worth of secondary shares for overallotment, in case of excess demand. This exercise will bring to public hands about 11.5 per cent of Eagle Cement’s shares. |