Maynilad Water Services, Inc. gets PSE greenlight for IPO listing

Image Courtesy: Maynilad

Maynilad Water Services, Inc. (MYNLD) is set to hold an initial public offering (IPO) later this month following the approval of its listing application by The Philippine Stock Exchange, Inc. (PSE). The water utility firm targets to list on the main board of the Exchange on November 7, 2025 and trade its shares using the stock symbol, MYNLD.

​The fund to be generated from the sale of primary shares will be used by the company for its capital expenditure program for water, wastewater, and customer service information system projects, as well as for general corporate purposes.

From October 23 to 29, 2025, MYNLD will be selling up to 1.66 billion primary common shares to the public and a preferential offer of up to 24.90 million primary common shares to First Pacific Company Limited. The IPO will also have an overallotment option shares of up to 249.05 million primary common shares and an upsize option of up to 354.70 million secondary common shares.

“MYNLD is definitely a welcome addition to PSE’s roster of listed companies, especially as it is known to serve the largest population in a single water concession area,” said PSE President and CEO Ramon S. Monzon.

“The prospect of this IPO, which is one of the biggest maiden offerings in PSE history, has also been bolstered by the numerous cornerstone investors that have agreed to support this capital raising activity. We hope this brisk demand from institutional investors will spark renewed interest and confidence in other companies to likewise tap the stock market for fund raising,” Mr. Monzon added.
Another positive development for MYNLD was the recognition bestowed by the Securities and Exchange Commission (SEC) as the country’s first Philippine Green Equity label, which affirms its continuing adherence to sustainability standards. The Green Equity label, which was launched by SEC last month, is bestowed upon a PSE listed company or a company that is going public with more than 50 percent of their revenues and investments earned from or directed toward Green Activities.

“We are pleased that MYNLD was granted the first Green Equity label. This landmark recognition ties in with PSE’s thrust of supporting green finance initiatives,” Mr. Monzon noted.

Local Small Investors (LSIs) may subscribe to the IPO through the PSE EASy website (http://easy.pse.com.ph) and mobile application. Payment for the subscribed shares may be done through the e-payment platform within PSE EASy.

The preliminary terms and conditions of the offering can be accessed through the Listing Notices section of the PSE EDGE website (http://edge.pse.com.ph).