Eperformax Plans to Raise up to P4 Billion from IPO
CONTACT center firm Eperformax International Inc. said it plans to raise up to P4 billion from a planned initial public offering of 223 million common shares by the first quarter of 2008 for its expansion and debt repayment, the company said in a statement.
ePerformax said it would sell up to 155 million new shares and 68 million existing shares through a secondary offering.
ePerformax indicated that the shares would be priced at P12.50 to P18 each.
The shares will represent 33.8 percent of the total issued and outstanding capital stock of the company after its initial public offer.
ePerformax has tapped BDO Capital and Investment Corp, as the issue manager and lead underwriter for the share sale.
“Being one of the pioneers in the call center industry here in the Philippines, we are privileged to be regarded as the company that would break new ground in the form of this IPO filing. Our unique positioning will furnish the investing public with a compelling growth story and a sound investment moving forward in this process,” ePerformax president Teresa D. Hartsaw said.
ePerformax is the first locally operating, Philippine-based call center to file for an initial public offering.
