THE Philippine Stock Exchange, Inc. approved the initial public offering (IPO) listing application of Chelsea Logistics Holdings Corp.

The shipping company, which will use the ticker symbol CLC, will be offering 546.59 million shares at a maximum price of P14.63 per share.

The PSE also approved CLC’s request to increase its allocation for Local Small Investors (LSI) to a maximum allowable subscription amount of P100,000.

Typically, under the LSI program, the IPO subscription shall not exceed P25,000. per subscriber.

The offer period of Chelsea is scheduled on July 24 to 31, 2017 while its tentative listing date is on Aug. 8, 2017. (PR)