MANILA, Philippines — Hann Holdings Inc., the corporate behind the Hann On line casino Resort in Pampanga, is concentrating on to boost as a lot as P12.98 billion in what might probably be the nation’s third preliminary public providing (IPO) for this 12 months.
Based mostly on the corporate’s preliminary prospectus dated Could 30, 2025, Hann Holdings is concentrating on to problem a complete of 550 million shares priced at as much as P23.60 every.
The providing features a major provide of as much as 500 million widespread shares and an over-allotment choice of as much as 50 million secondary widespread shares.
The corporate is eyeing the IPO by September, topic to the approval of the Securities and Alternate Fee (SEC) and the Philippine Inventory Alternate (PSE).
CLSA Ltd. has been tapped as sole international coordinator and joint bookrunner, whereas Asia United Financial institution Corp., BDO Capital & Funding Corp., China Financial institution Capital Corp. and PNB Capital and Funding Corp. will function home underwriters and joint bookrunners.
The corporate will use the IPO proceeds to help its growth plans.
Hann On line casino Resort is the primary absolutely built-in resort in Clark Freeport Zone, Pampanga.
It’s the residence of the primary five-star lodge in Central Luzon, Clark Marriott, and the primary Swissotel Clark within the Philippines.
The corporate can also be creating Hann Reserve, a 450-hectare luxurious property growth at New Clark Metropolis in Tarlac.
The property will characteristic three 18-hole championship golf programs and can be residence to unique, ultra-luxury villa residences and condominium towers.
To this point, just one firm has gone public this 12 months, with Prime Line Enterprise Improvement Corp. elevating P732.6 million from its IPO final February.
Maynilad Water Providers Inc., in the meantime, is concentrating on to boost as much as P45.8 billion from the providing of as much as 2.29 billion widespread shares at a most worth of P20 apiece.
The indicative provide interval for Maynilad’s IPO is from July 3 to 9, 2025, with a proposed itemizing date of July 17, 2025.
Maynilad, nonetheless, mentioned the dates stay topic to affirmation pending receipt of ultimate approvals from the SEC and the PSE.
The corporate mentioned whereas a proper demand evaluation has but to happen, preliminary investor suggestions from ongoing conferences has been encouraging.
“We thus stay assured as we proceed to the subsequent part of the IPO course of,” it mentioned.
BDO Capital & Funding president Eduardo Francisco advised The STAR that web service supplier InfiniVAN Inc.’s deliberate IPO might additionally push by by the top of the 12 months.
Francisco earlier mentioned that InfiniVAN is trying to increase between P2 billion and P3 billion from a deliberate providing on the finish of this 12 months or early subsequent 12 months.
“We’ll watch for GCash, it’s on the sidelines. Then there’s Maynilad. So GCash, Maynilad then InfiniVAN then one or two (IPOs) extra, then we’re good for the 12 months,” he mentioned.
The PSE is concentrating on a complete of six IPOs for 2025 from solely three final 12 months: OceanaGold Philippines Inc., Citicore Renewable Vitality Corp. and NexGen Vitality Corp.