Maynilad Water Services Inc. is considering an initial public offering in Manila that could raise $750 million to $1 billion, according to people with knowledge of the matter.
The Philippine water and wastewater services provider could be valued at as much as $4 billion in the listing, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and details such as size of the offering could change, the people said.
Maynilad is evaluating proposals from financial advisers and is planning for a listing in 2025, its President Ramoncito Fernandez said in a text message in response to a Bloomberg News query on Friday. Regarding the details of the IPO, he said it’s too early to tell.
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