⁍ Converge sold 1.73 billion shares at 16.80 pesos apiece in the Southeast Asian country’s second-largest IPO.

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⁍ The company is banking on booming demand for fibre broadband as the coronavirus pandemic forces remote work and e-learning.

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– The Philippines’ first fiber- broadband company went public yesterday, raising $600 million in the country’s second-largest initial public offering (IPO) ever, Reuters reports. Shares of Converge ICT Solutions, which provides the country’s only fiber-optic network, opened down 0.12% on the Philippine Stock Exchange.