Latest news
× SEC OKs IPO of coco producer, Villar-owned home improvement retailer

The Securities and Exchange Commission (SEC) has approved an initial public offering planned by two companies - coconut product manufacturer Axelum Resources Corp. and Villar group-led home improvement retailer AllHome Corp. - worth a combined P28.4 billion.

In its August 19 meeting, the SEC en banc authorized Axelum to raise as much as P7.7 billion from the sale of a mix of primary and secondary…