Coconut products maker Axelum Resources eyes raising $76.7m in Philippines IPO

Coconut products maker Axelum Resources eyes raising $76.7m in Philippines IPO

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

Axelum Resources Corp, an integrated coconut product manufacturer in the Philippines, has priced its initial product offering at 5 pesos ($0.10) per share to raise up to 4 billion pesos ($76.7 million) in the local stock exchange.