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Equity Underwriting
The involvement of ICCP in the area of fund raising is either through
Public Offerings or Private Placement of Shares.
Public Offerings
ICCP renders financial advice to companies contemplating public listing. Some of these companies require financial or corporate restructuring, before going public, while others are already in a position to meet regulatory and accepted market standards for IPO.
ICCP was the financial adviser, issue manager, and lead underwriter of Ionics Circuits, Inc, considered by some brokerage houses to be the "Darling of IPOs" in 1995 due to its spectacular after-market performance. ICCP was also active, whether as co-lead or participating underwriter, in a number of major IPOs on the domestic market (aggregating more than P50 billion).
Private Placements
ICCP spearheaded the formation of Beacon Property Ventures, Inc., a P500 million property investment company and the Manila Exposition Complex, Inc. The owner of the first world class exhibition facility in the Philippines. Some other examples of ICCP's successful engagements are the: 1) placement of a 12% equity stake in the common stock of Asiatrust Development Bank; 2) acquisition of a 22% equity interest in AIG Finance Corporation; 3) formation of the investors' consortium for the Science Park of the Philippines Inc.; and, 4) the investment by two conglomerates in Island Power Corporation, a private independent power producer.
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