Philippines' grocery operator MerryMart files for $31m IPO

Philippines' grocery operator MerryMart files for $31m IPO

Photo from MerryMart's website.

MerryMart Consumer Corp, the grocery operator owned by young tycoon Edgar Sia II, has filed to raise up to 1.6 billion pesos ($31 million) in an initial public offering (IPO) in the Philippines to finance its nationwide expansion program.

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