Converge ICT files for largest Philippine IPO at $725m, targets Oct listing

Converge ICT files for largest Philippine IPO at $725m, targets Oct listing

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

Converge ICT, a Warburg Pincus-backed fiber-optic broadband services provider in the Philippines, on Friday filed for an initial public offering (IPO) of up to $725 million in what could be the largest listing in the country ever.