AudioWav eyes China, Southeast Asia with P2.66-B IPO
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by Land Asia Listings
- February 14, 2017
- Real Estate Updates
- 0
ABS-CBN News
Posted at Feb 13 2017 11:15 AM
http://news.abs-cbn.com/busine
Posted at Feb 13 2017 11:15 AM
http://news.abs-cbn.com/busine
MANILA – Technology company AudioWav Media Inc. said it was targeting expansion in China and Southeast Asia with its initial public offering scheduled next month, where it hopes to raise as much as P2.66 billion.
AudioWav curates audio, visuals and scents for retail spaces to help brands establish their “personality.”
The company hopes to set up shop in China and Indonesia in the first half, followed by Thailand and Vietnam, said its president, Carlos Hinolan.
“The main reason we chose to expand first in China and Indonesia was because these two countries alone represent an additional market of over 1.5 billion consumers and thousands of new potential business partners,” Hinolan said in a statement.
AudioWav will offer 900 million shares at P1.77 to P2.96 per share, the company said in a statement.
A portion of the IPO will be used to strengthen the company’s infrastructure, it said.
