NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, OUTSIDE THE PHILIPPINES, INCLUDING DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
West Zone concessionaire Maynilad Water Services, Inc. (“Maynilad” or the “Company”) has increased the total number of common shares available to the public for its initial public offering (“IPO”) due to investor demand.
After the start of the Company’s IPO offer period on 23 October 2025, the Joint Global Coordinators and Joint Bookrunners, in consultation with Maynilad and its parent company, Maynilad Water Holding Company, Inc. (the “Selling Shareholder”), have elected to exercise in full the upsize option for the IPO. As a result, an additional 354,704,200 common shares will be offered as part of the IPO by the Selling Shareholder.
“We believe that the decision to exercise the upsize option in full reflects the market’s confidence that Maynilad is a company with strong financial fundamentals and is primed for long-term growth,” Ramoncito S. Fernandez, President and CEO of Maynilad, said. “We look forward to making our listing day a successful milestone with our shareholders.”
BPI Capital Corporation is serving as the Domestic Lead Underwriter for the offering. UBS AG Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, and Morgan Stanley Asia (Singapore) Pte., together with the Domestic Lead Underwriter, are the Joint Global Coordinators and Joint Bookrunners.
Maybank Securities Pte. Ltd. is a Joint Lead Underwriter. BDO Capital & Investment Corporation, First Metro Investment Corporation, and Security Bank Capital Investment Corporation are the Domestic Co-Lead Underwriters, while East West Banking Corporation is a Domestic Participating Underwriter.
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Maynilad IPO Prospectus
A copy of the Final Prospectus dated 20 October 2025 may be accessed in the Philippines at https://www.mayniladwater.com.ph/prospectus.
About Maynilad
Maynilad is a pure-play and integrated primary provider of sustainable water and wastewater services for the “West Zone”, which spans across 11 cities in Metro Manila, three of which it partially covers, as well as three cities and three municipalities in the Cavite Province in the Philippines. Maynilad’s business address is at the Maynilad Building, MWSS Complex, Katipunan Avenue, Pansol, 1119 Quezon City Philippines. Maynilad’s telephone number is (+632) 8 920 5485, and its corporate website is https://www.mayniladwater.com.ph.
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This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction where it is unlawful to do so. Any securities to which this announcement relates may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither the Company nor any seller of any securities intends to register any portion of any such offering in the United States or to conduct a public offering of securities in the United States. No money, securities or other consideration is being solicited by this communication or the information contained herein and, if sent in response to this communication or the information contained herein, will not be accepted.
This communication is provided for your reference only. Any forwarding, distribution, publication, or reproduction of this communication in whole or in part, or disclosure of any information contained herein, or any use of such information by any other person for any other purpose, is unauthorized. The information herein is accurate as of the date this communication is sent to you. There is no obligation to subsequently correct or update such information.
On 22 October 2025, the Securities and Exchange Commission rendered the Company’s Registration Statement for its initial public offering effective pursuant to SEC MSRD Order No. 97 Series of 2025 and a Certificate of Permit to Offer Securities for Sale was issued on the same date.
THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY.
