SSI Group is selling 864.22 million shares and up to 129.63 million shares under an over allotment option.
With the new price range, the company will now reap between P7 billion to P7.5 billion.
The final offer price will be announced on October 22, the last day of the scheduled international roadshow starting October 15 in Hong Kong, London and Singapore, while the IPO will be from October 27 to 31.
Target date of listing is on November 7.
The SSI Group now includes Stores Specialists Inc. and retails 103 international brands including Prada, Gucci, Burberry, Salvatore Ferragamo, Michael Kors, Kate Spade, GAP, Old Navy, Zara, Stradivarius, Bershka, Aeropostale, Samsonite, Nine West, Payless Shoe Source, Beauty Bar, Marks & Spencer, Pottery Barn and TWG.
It is also partly operating FamilyMart convenience stores under a partnership deal with Ayala Land Inc. and Japan FamilyMart and Itochu Corporation of Japan.
The company recently opened its first Wellworth Department Store, a mid-market joint venture with Ayala Land. — BM, GMA News