Company News

SEC okays Philstocks’ initial public offering

11/10/2015 10:48PM
Source: Business World Online

BROKERAGE firm Philstocks Financial, Inc. has bagged the approval of the Securitiesand Exchange Commission (SEC) to undertake its nearly P190-million initial public offering (IPO).

The SEC gave Philstocks the green light to launch a maiden share sale that will raise up to P185.89 million in an en banc meeting on Tuesday, Armando A. Pan, Jr., officer-in-charge of the Office of the Commission Secretary, said in an interview.

Accord Capital Equities, Corp., is now Philstocks Financial, Inc.

Source: Philstocks

Manila, Philippines – Accord Capital Equities Corp. gets approval from the PhilippineStock Exchange (PSE) and Securities and Exchange Commission (SEC) to officially change its company name to Philstocks Financial, Inc.

Philstocks Financial, Inc. seeks IPO approval from SEC

Source: Philstocks

Manila, Philippines—Philstocks Financial, Inc. formerly known as Accord Capital Equities Corp. has filed their plan for IPO to the Securities and Exchange Commision (SEC), comprising 98.88 million shares to raise up to P185.89 million to strengthen its overall business operation.

The net proceeds of P167.51 million will be allotted to: (1) P50 million to fund margin financing; (2) P40 million for the expansion and strengthening of their existing information technology and system software; (3) P30 million for investing in marketable securities;

Broker Philstocks files for P185-M IPO

Source: The Manila Times

Stock brokerage firm Philstocks Financial Inc., formerly Accord Capital Equities Corp., is filing for an initial public offering to raise P185.89 million to finance the upgrade of its online trading platform.

In a registration filing with the Securities and Exchange Commission (SEC), Accord Capital said it is offering up to 98.88 million common shares, priced at up to P1.88 each.