Converge ICT Solutions IPO: Discounted Price or Premium on Fair Value?

Money bag with the word IPO (Initial Public Offering: stock market launch) and a calculator.

The IPO offer period of Converge ICT Solutions Inc. (CNVRG) begins tomorrow, October 12, and runs until Friday, October 16. This means if you're interested to take part in the CNVRG IPO, you only have this week to lodge your buy position from your stockbrokers.

You may also buy directly from the Philippine Stock Exchange (PSE), through their Local Small Investor (LSI), where you can purchase IPO shares up to P1 Million. Details are available on the PSE Easy website.

If you're still undecided about whether you should buy CNVRG shares during the IPO, read these three Premium-exclusive stock reports prepared by PinoyInvestor's partner stockbrokers. Here are excerpts from these reports which you can only find in PinoyInvestor.

Special Report #3: [NEW!] Converge IPO Analysis (by AB Capital Securities)

Highlights: Since it is purely a broadband provider, Converge will not incur losses from an expected decline in personal spending on mobile — as was the case for Globe Telecom (GLO) in the 1st half of 2020. Based on our valuation model, CNVRG’S IPO offer price of PHP 16.80 would be at a [DISCOUNT or PREMIUM?] versus its estimated fair value.

Special Report #2: [UPDATED!] Converge IPO Analysis (by AB Capital Securities)

Highlights: Converge has signed cornerstone investment agreements for its IPO with eight (8) foreign groups, but take note that cornerstone investors are not subject a lock-up requirement. Our recommendation is to SUBSCRIBE to the Converge IPO if the price is...

Special Report #1: [UPDATED!] IPO Analysis of Converge ICT Solutions (by AP Securities)

Highlights: For a reasonable upside to our Price Target of PHP xx.40, we recommend to SUBSCRIBE to the IPO of Converge ICT Solutions Inc. if the stock will be offered at a price of...

These reports are exclusively available only to PinoyInvestor Premium Access members so if you don't want to be left behind, get PinoyInvestor's value-for-money Premium subscription for as low as PHP 399.00! 

Here's a sample of PinoyInvestor's Special Reports (but excluding the *Target Price* computed by their partner brokers) which you can access by clicking the following link:

FREE Special Report: 3 Reasons to Buy Converge stock during IPO

Highlights: According to the company, around P10 billion of the cash proceeds will be used for CAPEX or capital expenditures to roll out the broadband internet infrastructure in the entire Philippines by 2021.

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I am not a stock market investor, not a licensed stock market advisor, does not provide personal investment advice nor advocate Buy/Sell/Hold recommendations of any investments and securities. You should seek advice from qualified/licensed stock market advisors before engaging in any transaction.
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