SEC approves Nickel Asia’s IPO; miner may raise up to P8B

Business World online reports that Nickel Asia, the fourth company to do so this year, has received approval from the SEC for its’ IPO, opening the door to raise capital – up to P8 billion.

The story is quoted as saying:

In an en banc decision yesterday, the SEC allowed the listing of 198 million to 304.5 million common shares, or up 30% of the firm, at an offer price range of P14.95 to P23 apiece.

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