Cebu Landmasters, Inc hold Initial Public Offering Investors' Roadshow in Davao

Cebu-based property developer, Cebu Landmasters, Inc. recently held the Davao leg of its Initial Public Offering Investors’ Roadshow at Marco Polo Davao. CLI has officially priced its IPO at P5 per share. The company will offer 505 million common shares and another 75 million secondary common shares as over-allotment option. The minimum subscription is 1000 shares. This will bring to a total offer size of P2.9 billion. The receipts of this offering will be utilized for the company’s land acquisition and expansion plans in the Visayas and Mindanao area.