<article>Listed holding firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=alterra" target="_blank">Alterra Capital Partners Inc</a> is raising at least $36 million (P1.6 billion) in its latest public offering.</article>

Listed holding firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=alterra" target="_blank">Alterra Capital Partners Inc</a> is raising at least $36 million (P1.6 billion) in its latest public offering.
The company made the decision to raise capital a month after acquiring a 93.48 per cent stake in health and science company <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Philab" target="_blank">Philab Industries Inc</a> setting up the latter for backdoor listing in the Philippine Stock Exchange.
Once Philab is fully acquired, it will fold into a new holding company called Philab Holdings Corp, informed the company officials.
Also Read: <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/philippines-philab-nears-backdoor-listing-as-altera-capital-takes-93-stake-61092/" target="_blank">Philab nears backdoor listing as Alterra Capital takes 93% stake</a>
Alterra Capital disclosed it filed on Tuesday, January 17, with the Securities and Exchange Commission the registration statement of its follow-on offering of up to 500 million common shares, indicating offer price from P3.25 to P6.75 per share.
Philippine Commercial Capital Inc is the lead underwriter for the follow-on offering.
The listing application for the offering will be filed with PSE either today or tomorrow January 19.
&#8220;The follow-on offering is subject to the approvals of the Securities and Exchange Commission and the PSE,&#8221; Alterra Capital noted.
Alterra Capital&#8217;s last trading price decreased 14.24 per cent or P1.21 to close at P7.29 per share on January 18.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/philippines-pal-holdings-merging-two-airlines-165m-share-swap-deal-59743/" target="_blank">Philippines: PAL Holdings merging two airlines in $165m share swap deal</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sbs-philippines-buys-stake-in-four-property-holding-firms-59395/" target="_blank">SBS Philippines buys stake in four property holding firms</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/philippines-celebrity-mobile-gaming-xeleb-technologies-bares-15m-ipo-goal-55220/" target="_blank">Philippines: Celebrity mobile gaming Xeleb Technologies bares $15m IPO goal</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/mazda-philippines-applies-3-1m-ipo-60558/" target="_blank">Mazda Philippines applies for $3.1m IPO</a>

Philippines: Alterra Capital raising $36m in new public bid

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Philippines: Alterra Capital raising $36m in new public bid

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief