Intelligent Wave to go IPO
THE MARKET for initial public offers continues to sizzle, this time with business process outsourcing firm Intelligent Wave Philippines Inc. (IWPI) ready to brave a maiden public debut.
In a disclosure to the Philippine Stock Exchange, IWPI majority shareholder and listed information technology firm Diversified Financial Network Inc. said its board had agreed to tap BDO Capital & Investment Corp. as issue manager and lead underwriter for the proposed initial public offer.
IWPI is currently engaged in the business of providing IT business solutions for local and Japanese banks, as well as other financial institutions on an outsourced basis.
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