Public investors lost P3.48/share in Chelsea’s 2017 IPOBy The Manila Timeshome/Business/Top Business/Public investors lost P3.48/share in Chelsea’s 2017 IPOSold. On Jan. 20, 2019, he bought 28,000 RCI common shares at P1.84 each. On January 16, he acquired in two trades 10,000 RCI common shares at P1.83 each and 20,000 common RCI common shares at P1.84 each. Chelsea’s IPOChelsea generated P5,837,613,240 from the sale of 546.593 million common shares — at P10.68 each — during the initial public offering (IPO) it held on Aug. 8, 2017. On February 22, Chelsea common shares opened trading at P6.25, peaked at P6.25, fell to a session low of P6.10 and closed at P6.19.

Source: Manila Times February 26, 2019 16:52 UTC