Warburg-backed Converge ICT gets regulator nod for PH's biggest IPO at $857m

Warburg-backed Converge ICT gets regulator nod for PH's biggest IPO at $857m

FILE PHOTO: A trader walks past the electronic board of the Philippine Stock Exchange in Makati city, Metro Manila, Philippines June 27, 2016. REUTERS/Romeo Ranoco

The Philippine Stock Exchange (PSE) has given its approval for the initial public offering (IPO) of Converge ICT Solutions, a Warburg Pincus-backed fiber-optic broadband services provider in the country.