Philippines' biggest toll road operator looks to raise $500m from domestic IPO

Philippines' biggest toll road operator looks to raise $500m from domestic IPO

Vehicles on road during daytime. Source: Alexander Schimmeck/Unsplash

Metro Pacific Tollways Corp, the largest toll road developer and operator in the Philippines, could raise $500 million from a planned initial public offering (IPO) on the local bourse, two sources close to the matter told Reuters.

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