Chelsea Logistics secures SEC nod for P8-billion IPO By Madelaine B. Miraflor Chelsea Logistics Corp. (CLC), the shipping arm of businessman Dennis Uy's Udenna Corp., has secured the approval of Securities and Exchange… Interest for the Chelsea IPO remains strong. CHELSEA Logistics Corp. (CLC), the logistics arm of Udenna Corp., said on Tuesday it is planning to list publicly on the Philippine Stock Exchange (PSE) through an initial public offering in July (IPO) to raise P8 billion. Cabot Corporation (NYSE: CBT) is a leading global specialty chemicals and performance materials company headquartered in Boston, Massachusetts, USA. Chelsea Logistics eyes IPO Posted by Web Editor on April 25, 2017 Philippine passenger and cargo carrier Chelsea Logistics Corporation plans to raise up to P8 billion through an initial public offering (IPO) in July to fund its expansion program. MANILA, Philippines – Chelsea Logistics Corp., the logistics company of businessman Dennis Uy, is embarking on an initial public offering in July to raise up to P8 billion. Chelsea Logistics is 3x oversubscribed! Following the IPO, the public will own 30% of the company, It priced its initial public offering, the Philippines' fourth IPO this year, at 10.68 pesos per share, more than a quarter lower than the maximum 14.63 pesos apiece proposed earlier. It is a consortium of Davao businessman Dennis Uy 's Udenna Corporation and its subsidiary Chelsea Logistics Corporation, and Chinese state-owned China Telecommunications Corporation, a parent company of China Telecom. CLC has also submitted its IPO application to the Philippine Stock Exchange. Tuesday is just the second day of the offer period for Chelsea Logistics' near P5.5-billion initial public offering. MANILA, Philippines – Chelsea Logistics Corp., the logistics company of businessman Dennis Uy, is embarking on an initial public offering in July to raise up to P8 billion. Chelsea Logistics and Infrastracture Holdings Corp, formerly Chelsea Logistics Holdings Corp., is a Philippines-based holding company. Chelsea Logistics Holdings Corp. (CLC) successfully debuted on the Philippine Stock Exchange with an oversubscribed initial public offering (IPO) of common shares. Stock analysis for Chelsea Logistics and Infrastructure Holdings Corp (C:Philippines) including stock price, stock chart, company news, key statistics, fundamentals and company profile. View real-time stock prices and stock quotes for a full financial overview. Dennis Uy’s Chelsea Logistics Plans P88 IPO Share this post Riding on upbeat prospects for the logistics industry, businessman Dennis Uy-led shipping firm Chelsea Logistics Holdings Corp. (CLC) plans to raise as much as P8 billion from a stock market debut targeted in July this year. “We are […] The company has filed with the Securities and Exchange Commission a preliminary prospectus for the sale of 546.59 million new shares at a maximum price of P14.63 each. Our businesses deliver a broad range of products and solutions to customers in every corner of the globe, serving key industries such as transportation, infrastructure, environment and consumer. For several months, even before the open bidding for the country’s third telco, the company operated as Mislatel or Mindanao Islamic Telephone. Through Chelsea Shipping Corp., ... the initial public offering (IPO). We have another IPO in the next few days and as of this writing the market has received the company quite well as Chelsea Logistics is already 3x oversubscribed! 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