Philippine Tycoon Manuel Villar’s AllDay Marts Pegs IPO Price At Lower End Of Range; Still Plans REIT Listing

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AllDay Marts—controlled by billionaire Manuel Villar—priced its initial public offering at 0.60 pesos per share, 25% lower than the maximum indicative price, adding to signs of waning investor appetite in one of the hottest IPO markets in Southeast Asia.

The supermarket chain is the latest company in recent months to drastically cut its…

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