MANILA – Nix Nolledo, the self-made tech billionaire behind Xurpas Inc, will be sharing his record-breaking success story next Tuesday at the 2nd general membership meeting of the Internet and Mobile Marketing Association of the Philippines (IMMAP).
Nolledo will be taking the stage to share his remarkable journey that started in a crammed room in his parents’ house—tapping away at what would be Pinoy Exchange, the country’s pioneer eCommerce company.
In December 2014, Xurpas became the first tech company to list its shares in the Philippine Stock Exchange and also the first to open at ceiling price, trading P5.95 per share, up 50 percent from its intended IPO price of P3.97 apiece.
Proof of investor appetite and improving trust towards digital, Xurpas is also among the IPOs with the lowest value turnover on listing day, with only 18.2 million shares worth P108.29 million changed hands.
With their company’s market capitalization at P6.8 billion, each gets a 26 percent stake equivalent to P1.7 billion worth of shares, making Nolledo and co-founders Raymond Gerard Racaza and Fernando Jude Garcia billionaires.
Nolledo’s talk on The Innovation Economy will be held on Tuesday, 19 May at SMX Aura at 6:30pm. Each IMMAP member company gets 2 free tickets and can reserve additional tickets at P200.00 each.
Non-IMMAP members are very much welcome and can contact the association through email or via mobile at 0918.985.7112. Reservations are on a first-come, first-served basis.
(PICTURE: Xurpas partners pointing to stock symbol X (Xurpas) and PSE President Hans Sicat pointing to the limit up trading price of Xurpas. Nix Nolledo via Facebook)
