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CNVRG maybe a casualty of the biggest-ever IPO; mammoth ANT IPO may suck funds from PSEI

Since day one CNVRG shares have been on a free-fall touching a low of 13.20 from the IPO price of 16.8 as the market openly sells CNVRG. Market players wondered who and what triggered the selling.  Many experts said that the IPO was expensively priced.  But if that triggered the selling, didn’t the IPO subscribersContinue reading “CNVRG maybe a casualty of the biggest-ever IPO; mammoth ANT IPO may suck funds from PSEI”

CNVRG IPO crowns Spouses Dennis Anthony & Maria Grace Uy US$ Billionaire, intends not to declare dividends in the short to medium term as it plans to retain all future earnings to finance the expansion of its business

Spouses Dennis Anthony and Maria Grace Uy, established Converge Information and Communications Technology Solutions, Inc. (CNVRG) with a vision—to build a business focused on providing high speed fixed broadband to millions of unserved and underserved households and businesses across the Philippines. They assembled a world-class team of like-minded professionals, and together, built CNVRG into anContinue reading “CNVRG IPO crowns Spouses Dennis Anthony & Maria Grace Uy US$ Billionaire, intends not to declare dividends in the short to medium term as it plans to retain all future earnings to finance the expansion of its business”

Warburg Pincus stands to reap 3x its investment in CNVRG

Warburg Pincus, through Coherent Cloud, in September 2019 invested U.S.$225,000,000 in CNVRG, all of which have now been invested. Warburg Pincus did not just bring capital Warburg Pincus is a leading global private equity firm focused on growth investing.  The firm has more than $56 Billion in private equity assets under management. Warburg Pincus isContinue reading “Warburg Pincus stands to reap 3x its investment in CNVRG”