SINGAPORE — Maynilad Water Services has hired banks including Morgan Stanley and UBS to work on a more than $500-million initial public offering (IPO) in the Philippines, according to two sources with knowledge of the matter.
SINGAPORE — Maynilad Water Services has hired banks including Morgan Stanley and UBS to work on a more than $500-million initial public offering in the Philippines, according to two sources with knowledge of the matter.The IPO is expected to hit the market as early as this year, or in 2026, and would likely value the Philippine water and wastewater services company at more than $3 billion, the sources told Reuters on Wednesday, declining to be named as the matter was private.
The planned listing adds to a growing pipeline of IPOs in the Philippines, where IPO proceeds surged sharply to $234.1 million last year, from $72.9 million in 2023, LSEG data showed.Maynilad is the largest private water concessionaire in the Philippines in terms of customer base, according to its websites.The Quezon City-based company provides water and wastewater services to the 17 cities and municipalities that comprise the west zone of the metropolitan Manila area, its websites showed.
Maynilad Hires Banks For Public Listing
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