What Every Investor Ought To Know About Medilines Distributors IPO Analysis

Medilines Distributors Incorporated (MEDIC) Initial Public Offering (IPO)

Medilines Distributors Inc. (MEDIC) has planned an initial public offering (IPO) last month, with the IPO price set at P2.30 per share. The subscription period ran from November 22 to 26, with the MEDIC stock trading in the PSE beginning December 7.

MEDIC is primarily owned by Virgilio Villar, brother of billionaire Manny Villar. Proceeds of the share will be used to retire debt (58% of proceeds) while the balance will be for working capital in relation to the procurement of existing products and the build-up of medical consumables inventory.

Read here an exclusive analysis of the MEDIC IPO: Medilines Distributors (MEDIC) IPO Analysis by AB Capital Securities.

Highlights: "Medilines customers are the Philippine government through the Department of Health and local government units, and private healthcare facilities such as hospitals, clinics and diagnostic centers. Medilines played a major role during the COVID-19 pandemic as they provided needed support for..."

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