Upson International Corp., a retailer of personal computers and information technology products, said its income rose 33 percent to P537.86 million in 2022 from the previous year’s P403.64 million. Know more:
Upson International Corp., a retailer of personal computers and information technology products, said its income rose 33 percent to P537.86 million in 2022 from the previous year’s P403.64 million.
“Our financial performance is a testament to our commitment to be the shopping gateway to technology. This commitment shall be our legacy contribution to support the digital transformation of our country,” said Upson President and CEO Arlene Sy. Upson operates several retail outlets, such as Octagon Computer Superstore, Micro Valley, Gadget King, as well as concept and specialty stores like Acer, HP, Brother, Silvertec and Octagon Mobile in select locations.
Upson is the second initial public offering of the year. Its offering consists of 625 million primary common shares, with an overallotment option of up to 62.5 million shares, priced at P2.40 per share. The IPO raised P1.65 billion.
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