US EditionTopline shares dip on Philippine stock market debut - BusinessWorld Online
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Topline shares dip on Philippine stock market debut - BusinessWorld Online
SHARES of Cebu-based fuel retailer Top Line Business Development Corp. (Topline) slipped on its market debut, even as the local bourse saw a rebound on Tuesday. Topline is the first initial public offering (IPO) on the Philippine Stock Exchange (PSE) this year. Shares in Topline opened at their IPO price of 31 centavos. It fell by 9.68% to an intraday low of 28 centavos. Topline closed 3.23% lower at 30 centavos per share at the end of Tuesday’s…
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