In a prospectus filed with the Securities and Exchange Commission (SEC), Wilcon said it intends to sell 1.39 billion primary shares via an initial public offering (IPO) at an estimated price of up to P5.68 each. Wilcon has appointed First Metro Investment Corp. as the issue manager, lead underwriter, and and bookrunner for the IPO. Operating its first branch in 1977, Wilcon is the home improvement and retail construction business of the Belo family, led by its chairman William T. Belo. Wilcon operates its stores under the Wilcon Depot and Wilcon Home Essentials store formats. The company is known for its one-stop shop concept for customers, industry-professionals, do-it-yourself (DIY) enthusiasts, and homebuilders for their home improvement and construction needs.

Source: Manila Times November 22, 2016 16:24 UTC