CTS Global Equity Group eyes raising ₱1.37B through initial public offering

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The stock broker plans to sell 1.375 billion of its common shares priced at ₱1 apiece, with proceeds to be used to scale up its global trading operations, expand its account management business, and for general corporate purposes.

CTS Global Equity Group has filed its initial public offering papers with the aim of raising up to ₱1.375 billion, the Securities and Exchange Commission confirmed.

The shares represent 20% of CTS Global’s issued and outstanding common shares after the offer and consist only of primary shares, read its prospectus.

 

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