PNB Holdings Corporation (PHC) will start trading on the Philippine Stock Exchange without an IPO, listing by way of introduction, which allows existing shares to be traded without raising new capital.
The company will list 46.9321 billion shares at P1.20, with a market capitalization of P56.32 billion, and is subject to new public float regulations requiring a minimum of 15% public ownership.
Despite a strong balance sheet and improving revenue, PHC's valuation appears high relative to its earnings, prompting questions about its future financial strategy and market worth.
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When PNB Holdings Corporation (PHC) starts trading on the Philippine Stock Exchange (PSE) on September 25, something unusual will happen.
