Wenceslao plans $200m IPO as Vanke closes rights offer

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Wenceslao plans $200m IPO as Vanke closes rights offer

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Filipino property firm DM Wenceslao and Associates Inc has filed for a listing to raise $200m, in a deal led by BPI Capital, Citic CLSA Securities, Deutsche Bank and Maybank. The float is expected to go live in the fourth quarter of this year, say bankers.

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