Philippine canned food manufacturer Century Pacific Food on Thursday set a price range of PHP 12.50 (USD 0.28, EUR 0.20) to PHP 14.50 (USD 0.33, EUR 0.23) per share for its upcoming initial public offering.
Century Pacific Food may raise as much as PHP 3.33 billion (USD 74 million, EUR 53.3 million) in the country's second IPO this year. Proceeds from the sale will be used to fund the company's expansion.
The offer consists of 229.65 million primary shares, according to an offering memorandum from the Philippine Stock Exchange.
