Despite Turmoil, Pepsi Launches Philippine IPO

The local bottler priced at the bottom of the estimated range, raising $111 million in the country's first listing this year

Pepsi-Cola Products Philippines was able to attract enough international investors to its initial public offering to guarantee the listing will go ahead, despite a 9.6% loss in the Philippine stockmarket last week.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.