- | UBS AG bought 60.435M $HOME shares to stabilize price from IPO |
- | UBS AG said its Singapore branch acted as a stabilization agent |
- | The purchase of $HOME shares was for stabilization purposes for the week ending Oct. 11 |
| A white knight |
UBS AG, has bought around 60.435 million shares of AllHome Corp. to stabilize the share price of the newly-listed company. UBS AG said its Singapore branch acted as a stabilization agent and purchased 60,435,800 AllHome shares at an average price of P11.4670 per share for a total of P693,017,318.6.
The company raised P14.9 billion from the sale of 1,125,000,000 shares and an overallotment option of 168,750,000 shares, making it this year’s largest IPO yet in terms of value.
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October 17, 2019 1:58 pm