Phinma Education Plans IPO by 2017
Phinma Education Network (PEN), the education arm of listed parent firm Phinma Corp. (PSE: PHN), said it is preparing for an initial public offering (IPO) in 2017 to generate alternative funding for aggressive expansion.
Chito Salazar, PEN president and chief executive officer, told The Manila Times on Tuesday the company’s maiden public offer will be in “2017 at the earliest or 2020 at the latest.”
Source: The Manila Times