Shell IPO could be landmark offering
Written by Rita Brown – 03/10/2016 9:48 am
Shell’s plans to sell as much as P29.7billion worth of shares on the Philippine Stock Exchange would be a landmark initial public offering (IPO) for the region.
The sell-off is penciled in for October.
The Pilipinas Shell Petroleum IPO will run from Wednesday, October 19 to 25 after the price setting on Thursday, October 13.
The firm is on the crest of its hotly awaited stock market debut. It plans to auction off 330 million primary and secondary shares to the public for as much as P90 per share. If it completes the order, the offering will officially be the Philippine Stock Exchange’s biggest debut.
Previous record holders and top offerings include retailer Robinsons Retail Holdings at P28.1billion in 2013, SM Investments Corp at P26.25billion in 2005 and Cemex Holdings Philippines at P25.1billion in 2016.
The company will appear under the ticker SHLPH. At the maximum IPO price, the company will have a market capitalization of P151.52 billion.
RELATED ARTICLES
- Companies ‘missing a trick’ over stock market flotations
- Shell Philippines to offer country’s largest IPO
- Saudi Arabia said to pick JP Morgan, Banker Klein for Aramco IPO
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
