Edward Lee takes CTS Global public, eyes P1.375B from IPO

CTS Global Equity Group Inc., a global proprietary trading firm owned by bilyonaryo Edward Lee, has taken its first official step toward going public.

It filed for an initial public offering with securities regulators, aiming to raise as much P1.375 billion from the sale of 1.375 billion shares at a maximum price of P1 apiece.

The offer period is targeted to run from February 21 to 28 while the listing of the shares has been set on March 9.

Net proceeds from the offer will be used to scale the company’s global trading operations, expand the account management business, and for general corporate purposes.

The shares will be listed and traded on the SME board of the Philippine Stock Exchange.

SB Capital Investment Corp. is the issue manager, underwriter, and bookrunner for the transaction.

For its global trading, CTS uses Interactive Brokers LLC, which is one of the best brokers in the world, having been recognized as the No.1 software-based online broker by Barrons in 2020.

For Hong Kong trading, CTS uses COL Securities Hong Kong Ltd., a subsidiary of COL Financial Group Inc.

CTS’ global trading returns comprised 50 percent of its trading revenues.

The company has consistently generated profits from its assets under management but was not able to maximize its bottomline profit due to overhead expenses. A further increase in fresh capital is the key to CTS taking its operations to the next level.

In order to grow the business, CTS will set aside P20 million to build its client accounts management segment, hire more talents and build up infrastructure.

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