Pilipinas Shell achieves $2.2b market cap in IPO debut

Pilipinas Shell achieves $2.2b market cap in IPO debut

Shell branding is seen at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville

Pilipinas Shell Petroleum Corp has finally completed its long overdue initial public offering (IPO) raising its least target of $400 million (P19.5 billion) share sale on the Philippine Stock Exchange (PSE).

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