UBS Singapore AG, Ang’s stabilization agent, told the Philippine Stock Exchange (PSE) that it purchased a total of 259.824 million MONDE shares at an average price of P13.4039 per share from June 1 to 4.
MONDE traded at a high of P13.56 and a low of P12.68 in its first four days of trading, with net foreign selling of P166 million during the same period.
The MONDE president, who has a 22.73 percent stake in the company, pegged the IPO price at P13.50 or the low end of its projected pricing with a peak of P17.50. She raised P48.6 billion from the IPO.
/Bilyonaryo.com via AdChoiceTV News