Philippine retailer AllHome to list in October
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AllHome Corp, the Philippines home-furnishings retailer, is looking to raise up to US$348 million in an IPO.
AllHome operates 25 large one-stop homewares and home-improvement stores, most of them in the nation’s capital city, Manila. The partial float would value the company at between $827 million and $1 billion, according to Reuters.
The shares will be listed on the stock exchange on October 10.
Robert Ramos, senior VP and trust officer at Eastwest Bank said that AllHome has a market advantage of already being entrenched in the category.
The company is likely to face competition when Ikea makes its debut in the Philippines in the Mall of Asia next year.
Questions & Answers
Q.What is the expected valuation of AllHome based on its partial float?
What is the expected valuation of AllHome based on its partial float?
According to Reuters, the partial float would value AllHome at between $827 million and $1 billion. The company is aiming to raise up to US$348 million in its IPO.
Q.How many stores does AllHome currently operate, and where are most of them located?
How many stores does AllHome currently operate, and where are most of them located?
AllHome currently operates 25 large one-stop homewares and home-improvement stores. Most of these stores are situated in the Philippines' capital city, Manila.
Q.Which major competitor is expected to enter the Philippine market next year?
Which major competitor is expected to enter the Philippine market next year?
Ikea is expected to make its debut in the Philippines next year, opening in the Mall of Asia. This entry is likely to create competition for AllHome.