The Securities and Exchange Commission (SEC) has approved the Initial Public Offering (IPO) of Maynilad Water Services, Inc., paving the way for one of the country’s most anticipated listings this year.
In a meeting held on May 30, the Commission En Banc resolved to render effective Maynilad’s registration statement covering 1,934,269,800 primary shares and 354,704,200 secondary shares, subject to the company’s compliance with remaining regulatory requirements.
Maynilad will offer to the public up to 1,660,317,400 common shares priced at up to ₱20 per share, with an overallotment option of up to 249,047,600 shares, and a preferential offer of up to 24,904,800 shares.
The secondary shares in the offering will be sold by Maynilad Water Holding Company, Inc., a current shareholder. Maynilad itself will not receive proceeds from the secondary sale.
If fully subscribed, the IPO could raise ₱37.41 billion, which will be used to fund Maynilad’s capital expenditures and for general corporate purposes.
The offer period is set from July 3 to 9, 2025, with the shares scheduled for listing on the Main Board of the Philippine Stock Exchange (PSE) on July 17, 2025, according to the company’s latest filing with the SEC.
To support the IPO, Maynilad has engaged BPI Capital Corporation, The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley Asia (Singapore) Pte., and UBS AG, Singapore Branch as joint global coordinators and joint bookrunners.
This milestone marks a significant step in Maynilad’s continued growth and commitment to delivering sustainable and high-quality water services to the Filipino public.
