Philippines Water Services Giant Maynilad Water Services Refiles for Philippine Stock Exchange IPO Targeting to Raise $671 Million, Previous IPO Planned for 2025 July was Delayed, Founded in 1997 after Benpres Holdings Corporation & Suez Lyonnaise de Eaux Won Exclusive Right to Provide Water & Wastewater Services in West Zone of Metropolitan Manila
11th October | Hong Kong
Philippines water services giant Maynilad Water Services has refiled for Philippine Stock Exchange IPO targeting to raise $671 million, after previous IPO planned for 2025 July was delayed. Maynilad Water Services was founded in 1997 after Benpres Holdings Corporation & Suez Lyonnaise de Eaux won the exclusive right to provide water & wastewater services in west zone of Metropolitan Manila. In 2025 June, Philippines water services giant Maynilad received approval for Philippine Stock Exchange IPO targeting to raise $671 million with expected listing on 17th July 2025. Maynilad Water Services – Maynilad Water Services, Inc. (Maynilad) is the largest private water concessionaire in the Philippines in terms of customer base. It is the water and wastewater services provider for the 17 cities and municipalities that comprise the West Zone of the Metropolitan Manila area. Background – Toward the end of 1997, Maynilad struggled to meet its service and financial obligations because of the Asian financial crisis and El Niño phenomenon. These events led to a string of financial, legal and regulatory disputes between Maynilad and MWSS. In 2005, Benpres and Suez ceded management and control of Maynilad to MWSS. A competitive bidding was done by the Philippine Government the following year to re-privatize Maynilad. DMCI-MPIC Water Company, a joint venture between Metro Pacific Investments Corporation (MPIC) and DMCI Holdings, Inc. (DMCI), won the competitive bidding and acquired 83.96 percent of Maynilad’s shares. On January 24, 2007, the new owners took over Maynilad and launched an aggressive five-year investment program to rehabilitate the company and its operations. In 2013, Marubeni Corporation of Japan acquired a 20 percent stake in DMCI-MPIC Water Company and became a strategic partner of the Metro Pacific-DMCI consortium. Since re-privatization in 2007, Maynilad has spent over P100 Billion in capital expenditure projects to improve and expand its water and wastewater operations. As a result, more than 9.7 million people in the West Zone of the Greater Manila Area are now enjoying safe and reliable water supply, as well as enhanced sewerage and sanitation services. The company will continue to focus on accelerating its wastewater investments, while ensuring the water supply of its current and future customers.
“ Philippines Water Services Giant Maynilad Water Services Refiles for Philippine Stock Exchange IPO Targeting to Raise $671 Million, Previous IPO Planned for 2025 July was Delayed, Founded in 1997 after Benpres Holdings Corporation & Suez Lyonnaise de Eaux Won Exclusive Right to Provide Water & Wastewater Services in West Zone of Metropolitan Manila “
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Philippines Water Services Giant Maynilad Receives Approval for Philippine Stock Exchange IPO Targeting to Raise $671 Million with Expected Listing on 17th July 2025
4th June – The Philippines water services giant Maynilad has received approval for Philippine Stock Exchange IPO targeting to raise $671 million with expected listing on 17th July 2025. Profile – Maynilad Water Services, Inc. (Maynilad) is the largest private water concessionaire in the Philippines in terms of customer base. It is the water and wastewater services provider for the 17 cities and municipalities that comprise the West Zone of the Metropolitan Manila area.
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