IPO – Maniolas

Carlos Hinolan builds successful tech firm from P500

News

Mar 202017

Carlos Hinolan

Former radio disc jockey Carlos Hinolan has built a successful startup company with just Php500.

Hinolan pioneered sensory branding in the Philippines with AudioWav Media, a tech company founded in 2003 that provides WAV proprietary devices to allow businesses to give the best customer service.

Multi-sensory branding customizes audio, visuals and scents for food and convenience stores allowing them to give customers personalized experiences. AudioWav provides audio players, LED screens, and scent diffusers.

The AudioWav chief talked to the Inquirer about how he wanted to have his own radio station when he was younger and ending up getting his big break by customizing the sound of a popular fast food chain.

Hinolan bought a microphone with the Php500 to create a customized voice content.

"You could say I was lucky that we created relevant content for those 238 stores. And they used that content to tell their customers what's for breakfast, what's for lunch, what's for merienda and what they can take home to their families," the AudioWav CEO said about his work for Chowking.

The tech entrepreneur said he was able to convince the large food chain to be his client with his belief in the content of his product, "It's not about how small you are … It's about how good your content is. At the end of the day, content will always be king."

"Now that we have our own platform and we realize we can do (business) in Singapore and Indonesia, we are looking at doing the whole of Asia and that's why we're listing the company.

We're opening it to everybody so that everybody wins and grows," he said.

AudioWav’s initial public offering (IPO) is valued at Php2.66 billion on the Philippine Stock Exchange.

The post Carlos Hinolan builds successful tech firm from P500 appeared first on Good News Pilipinas.

Ready, set, IPO!

Economy

Jul 172016

(First of two parts) Many companies consider doing an initial public offering (IPO) as the pinnacle of success, the achievement that not only affirms the company’s business model, but also quantifies the trust and faith of stakeholders and investors. A successful IPO is a great opportunity to fund growth and increase a company’s exposure to stakeholders and the public. It can enhance the company’s reputation and market standing, as well as attract new talent. It also helps raise capital for a company while allowing its owners to keep control of the company and continue executing strategic decisions without being absorbed by a larger entity, such as in a merger or acquisition.

PSE okays Century IPO

Economy

Apr 082014

MANILA, Philippines – Century Pacific Food Inc., the country’s largest canned goods producer, will become the second company to list in the local bourse through an initial public offering (IPO). In a memorandum, the Philippine Stock Exchange (PSE) said its board of directors approved the P3.33-billion IPO of Century Pacific. “We’re very optimistic about Century Pacific. It’s another play on the consumer growth and the growing income of Filipinos,” said Eduardo V. Francisco, president of BDO Capital & Investment Corp. “The consumer market in the Philippines will continue to grow because of the rising gross domestic product,” Francisco said, adding that increased spending capacity allows consumers to shift to more expensive products like corned beef from cheaper sardines. Century Pacific will list 2.22 billion common shares, of which 229.654 million shares will be offered to the public at a maximum price of P14.50 each that will raise as much as P3.329 billion. The bulk of the IPO proceeds will be used to pay existing debts, with the remaining funds allotted for capital expenditures, potential opportunistic acquisitions and general working capital. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Francisco said retiring debts will immediately improve the profitability of Century Pacific. The company is being advised by Evercore Asia Ltd. while the offer will be underwritten jointly by BDO Capital, BPI Capital and First Metro Investment Corp. The final IPO price will be set on Apr. 21. Offer period will run from Apr. 23 to Apr. 29, while the listing Read More …

Discovery World revives IPO plan

Economy

Oct 212013

MANILA, Philippines – The company behind upscale resort hotel Discovery Shores Boracay is pushing through with its initial public offering (IPO), emptying the list of firms that previously deferred their share sale due to market volatility. Discovery World Corp. will raise as much as P550 million, just half of the earlier targeted P1 billion proceeds, from the IPO next month, the Philippine Stock Exchange (PSE) said. In a memorandum, the bourse said Discovery World, which earlier planned to sell stocks in August, will offer its shares on Nov. 8-14, to be followed by its listing on Nov. 21. “Given the company’s decision to concentrate on the tourism business, the company will no longer pursue the investment in Enderun Colleges Inc.,” Discovery World said. “It will also delay the development of Palawan Cove Corp. in light of the company’s acquisition of Euro-Pacific Resorts Inc.,” it added. Euro-Pacific owns and operates Club Paradise Resort in Dimakya Island in Coron, Palawan. Hence, Discovery World reduced the offer size to 168 million shares from 306 million, with expected proceeds scaled down to P551 million from P1 billion. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The resort owner and operator retained its offer price at P3.28 per share, for a post-IPO market capitalization of P2.05 billion. In August, Discovery World shelved its IPO as it awaited for the result of several business transactions. The PSE approved the listing plan of Discovery World in July. Discovery World will be the third company of the Read More …

Twitter unseals IPO papers, hopes to raise $1B

Economy

Oct 032013

Twitter unseals IPO papers, hopes to raise $1B

In this Feb. 2, 2013, file photo, a smartphone display shows the Twitter logo in Berlin, Germany, Twitter unsealed the documents Thursday, Oct. 3, 2013, for its planned initial public offering of stock and says it hopes to raise up to $1 billion. AP/dpa, Soeren Stache NEW YORK (AP) — Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year’s most eagerly awaited stock market debuts. The documents revealed for the first time how much money the social networking company makes. Founded in 2006, Twitter has never turned a profit and has an uninterrupted history of losses totaling $419 million since its inception. But its revenue is growing. Twitter disclosed three weeks ago that it filed confidential papers to start the IPO process. The company was taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in its previous fiscal year to avoid submitting public IPO documents. On Thursday, Twitter Inc. unsealed the papers with the Securities and Exchange Commission, giving potential investors and its users a look inside its business. Twitter was required to unseal its documents at least three weeks before it starts holding events around the country to woo potential investors. At this rate, the company will likely price its IPO by Thanksgiving. According to the IPO filings, Twitter generated $317 million in revenue in 2012 and had more than 218 Read More …

PSE sees more initial public offerings in fourth quarter

Economy

Sep 292013

PSE sees more initial public offerings in fourth quarter

MANILA, Philippines – The recent recovery and less volatility in the local bourse will likely encourage large Philippine companies to pursue previously deferred initial public offerings (IPOs). New products and services will also be rolled out late this year to entice more investors, the Philippine Stock Exchange (PSE) chief said. “You are now seeing roadshows. That’s good and I hope these companies will be able to catch the window when they can issue,” PSE president and CEO Hans Sicat said. “Hopefully, we will get a few of them done this quarter,” Sicat added. The country’s stock exchange has partially recovered losses it suffered from hefty pullbacks from June to August. Sources said the Gokongwei family’s Robinsons Retail Holdings Inc. is already conducting a road show for its P42-billion IPO while Resorts World Manila owner Travellers International Hotel Group has downsized its IPO to $450 million from $842-million due to weakness in the market. Both companies deferred plans to go public amid a market slump mid this year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “If firms can do the transaction successfully, they can come back to the market later on with other deals,” Sicat said. “If they do a transaction that is very highly priced and tough to do in a particular market environment, it will be harder for them to come back with a second tranche of debt or equity,” Sicat said. “I think there will be more companies coming to the market to take advantage of Read More …

Yahoo, Softbank back Chinese e-commerce giant Alibaba in fallout over failed Hong Kong IPO

Economy

Sep 272013

Yahoo, Softbank back Chinese e-commerce giant Alibaba in fallout over failed Hong Kong IPO

A group of men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China’s Zhejiang province.(AP Photo) HONG KONG — Chinese e-commerce giant Alibaba’s biggest shareholders, Yahoo and Japan’s Softbank Corp., on Friday backed the company’s unusual management structure that Hong Kong’s stock exchange was unwilling to accommodate, forcing it to look to the U.S. for a potentially mammoth IPO. The show of support came a day after a senior Alibaba Group executive sharply criticized the southern Chinese city’s stock exchange for being too inflexible in discussions about a share sale that had been expected to raise up to $15 billion. The company broke off talks for a Hong Kong initial public offering because the stock market wasn’t willing to make an exception to its listing rules. Instead, it’s looking to New York for an initial public offering that analysts estimate could value the company at more than $100 billion. That would dwarf the tech world’s other hotly anticipated share offering by Twitter, which is estimated to have a market value of $10 billion. In a column posted late Thursday on Alibaba’s blog, Vice Chairman Joe Tsai said “Hong Kong must consider what is needed in order to adapt to future trends and changes.” Tsai said the company had ended its discussions for a potential listing. It’s the first public acknowledgement that it has dropped its plans for an IPO in Hong Kong, which Tsai said was the company’s “first choice” because most Read More …

Discovery World pushes through with P1-B IPO

Economy

Jul 262013

Discovery World pushes through with P1-B IPO

MANILA, Philippines – The company behind upscale resort hotel Discovery Shores Boracay is pushing through with its P1-billion initial public offering (IPO) late next month. In a memorandum, the Philippine Stock Exchange (PSE) said it “approved the application of Discovery World Corp. for the initial listing of 764 million common shares.” Discovery World plans to sell 306 million common shares at P3.28 apiece to generate P1.003 billion in fresh capital. The shares to be sold represent 40.05 percent of the issued and outstanding common shares of Discovery World. Offer period will run from Aug. 12 to 19, which will be followed by the listing in the PSE on Aug. 29. The new schedule is roughly a month behind the original plan as the market encountered volatility last month. Discovery World, the third company of the Tiu family to be listed in the PSE, tapped Abacus Capital & Investment Corp. as issue manager and underwriter. The Tiu family owns i-Remit Inc. and TKC Steel Corp. Early this month, Discovery World secured the Securities and Exchange Commission’s approval to raise fresh capital from the local stock market. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The net proceeds from the offer will be used for investments in new businesses, debt retirement and working capital purposes,” Discovery World said. Specifically, P575 million will be spent to develop a resort hotel in Palawan, refurbish boats for its cruise business and buy more shares in culinary, hotel and restaurant, and business administration institution Enderun Read More …

Ex LTFRB head named IPO deputy director

Economy

Jul 172013

MANILA, Philippines – President Aquino has appointed former chairman of the Land Transportation Franchising and Regulatory Board Nelson Laluces as Deputy Director General of the Intellectual Property Office (IPO). Laluces replaced Andrew Michael Ong and will serve until Dec. 2017. Laluces, 54, was appointed LTFRB chairman in Sept. 2010. He is also a lawyer by profession, and counts many members of Aquino’s Cabinet as classmates. Presidential Spokesman Edwin Lacierda also announced the appointment of Rey Roderos as assistant director general of the National Security Council headed by director general Cesar Garcia Jr. Roderos replaced Fernando Mesa and will serve until June 2016, when Aquino steps down. Deputy presidential spokesperson Abigail Valte also announced several appointments, among them seven new commissioners of the National Commission on Indigenous Peoples (NCIP) for a term expiring on Feb. 20, 2016. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The officials are Zenaida Brigida Pawid for Region I and the Cordilleras, Percy Brawner for Region II, Bayani Sumaoang for Region III and the rest of Luzon, Dionesia Banua for Island Groups including Mindoro, Palawan, Romblon, Panay and the rest of the Visayas. Datu Cosme Lambayon for Northern and Western Mindanao, Leonor Oralde-Quintayo for Southern and Eastern Mindanao and Era Colmo España for Central Mindanao. Aquino has also appointed Teresita Inciong as the executive director of the Early Childhood Care and Development Council. He likewise named Ma. Gloria Abragan-Tango as acting Assistant Secretary of the Department of Labor and Employment. The appointment paper of Tango was Read More …

Harbor Star pushes back P539-M IPO

Economy

Jul 112013

MANILA, Philippines – A local tugboat operator has pushed back its P539-million initial public offering (IPO), making it the third company to defer its public share sale due to unfavorable market conditions. “In consultation with issue manager and lead underwriter Abacus Capital & Investment Corp., we request for a deferment of the company’s initial public offering to a later date,” Harbor Star Shipping Services Inc. said in a letter to the Philippine Stock Exchange (PSE). “We believe that current market conditions are less than ideal to undertake and launch the offering,” it added. Late last month, Harbor Star secured the PSE board’s approval to list in the local bourse. Under the original timeline, final pricing was scheduled yesterday, followed by the start of a domestic roadshow on July 11. Offer period will start on July 22 and end on July 26 while Aug. 2 will mark the listing date. “Tentatively, we are looking at a new offer period within September 2013,” Harbor Star said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Since hitting its all-time high at 7,392.20 on May 15, the benchmark PSE index has slipped to 6,308.18 as of yesterday as foreign funds exit emerging markets in hopes of higher yields in advanced economies. Due to the market’s volatility, Robinsons Retail Holdings Inc. and Travellers Hotel Group Inc. deferred their P40-billion and P42-billion IPO, respectively. Three firms have so far debuted in the local bourse this year: Philippine Business Bank, Asia United Bank and Del Monte Read More …

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