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Travellers International Hotel Group Inc Sets IPO Price Guidance-Reuters


Monday, 7 Oct 2013 08:30pm EDT 

Reuters reported that Travellers International Hotel Group Inc has set an indicative Initial Public Offering (IPO) price of PHP10.65 to PHP11.88 per share as it looks to raise as much as $499 million, or about half of what it had initially planned from the share offer. Travellers International Hotel Group Inc plans to raise $389 million to $434 million from the share sale. That excludes a greenshoe option that, if taken, would lift the total issue to $499 million, according to the Company's term sheet. The Company will set the final pricing of listing on October 17.