SyCipLaw Advises Domestic Underwriters and International Lead Manager and Underwriter in DM Wenceslao & Associates’ IPO on the PSE

September 04, 2018

SyCip Salazar Hernandez & Gatmaitan was legal counsel to BPI Capital Corporation and Maybank ATR Kim Eng Capital Partners, Inc. as Domestic Underwriters, and Maybank Kim Eng Securities Pte. Ltd. , Inc. as International Lead Manager and Underwriter in the Initial Public Offering of D.M. Wenceslao & Associates (DMWAI). The IPO involved up to 679,172,800 common shares with an over-allotment option of up to 107,876,000 common shares. Offer price was at PhP12.00 per share.

The construction firm and property developer’s IPO is the first IPO in the Philippines for 2018. Net proceeds will be used to fund projects, acquire land and develop infrastructure in Aseana City.

The SyCipLaw team was led by partner Melyjane G. Bertillo-Ancheta, with support from senior associate Joan Mae S. To-Conejos, associates Richard Armand C. Angeles, Russell Stanley Q. Geronimo, Raul Ronald M. Husmillo, Marion Nerisse D. Kho, Jemannoel A. Mora and April Joy G. Ong, as well a former associates Patricia A. Madarang and Marianne C. Sibulo.

Other firms involved include Gorriceta Africa Cauton & Saavedra, Jones Day, and Milbank, Tweed, Hadley & McCloy.