Maynilad bags award for IPO

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April 21, 2026 | 12:00am

MANILA, Philippines — Maynilad Water Services Inc. has received an award for the strong market participation that marked its P34.3-billion initial public offering (IPO) in 2025.

The company bagged two awards during the 19th Annual Deal & Solution Awards organized by Hong Kong-based finance magazine Alpha Southeast Asia.

The West Zone water concessionaire was awarded the Best IPO for Retail Investors in Asia 2025 and Best Equity/IPO Deal of the Year in the Philippines 2025, during an event held at The Fullerton Hotel in Singapore.

“The recognition highlights the strong retail participation and overall market execution of Maynilad’s IPO — one of the Philippines’ landmark equity offerings,” the company said.

The awards highlight an IPO’s success in broadening market inclusivity, fostering high retail participation through accessible underwriting and showcasing strong financial literacy initiatives.

“We are grateful for the recognition of our IPO, which reflects the confidence of both retail and institutional investors in Maynilad’s long-term growth strategy,” Maynilad CFO Ricardo de los Reyes said in a statement.

He added that proceeds from its IPO continue to support the company’s critical infrastructure projects that strengthen water security and service reliability for its customers

Maynilad launched its maiden offering in October 2025, setting the final price at P15 per share to raise approximately P34.3 billion. This was the second largest IPO in the Philippine Stock Exchange’s history.

The company noted that its listing “formed part of its broader capital strategy to support ongoing investments in water infrastructure, wastewater expansion and system loss reduction across its West Zone concession area.”

Proceeds from the sale of primary shares were expected to be used for the company’s projects in water, wastewater and customer service information systems, along with general corporate purposes.

BPI Capital Corp., HSBC, Morgan Stanley Asia, UBS AG all served as joint global coordinators and bookrunners for the IPO.