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Manila's Pepsi bottler fizzes out in market debut
Fri, Feb 01, 2008
Reuters

>MANILA, Feb 1 - The bottler for Pepsi-Cola in the Philippines traded down as much as 14 percent from its initial public offering price at its market debut on Friday.

Pepsi-Cola Products Philippines, the country's first initial public offering this year, started trade at 3.3 pesos conmpared with its IPO price of 3.5 pesos a share.

It hit a low of 3.0 pesos, bucking the positive trend in the local market . At 0133 GMT, Pepsi-Cola Products Philippines was at 3.05 pesos and the main index was up 0.94 percent.

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