August 23, 2025 | 12:00am
MANILA, Philippines — Hann Holdings Inc., the operator of Hann On line casino Resort in Pampanga, just isn’t pushing by with its preliminary public providing (IPO) subsequent month as a result of prevailing market situations and sentiment.
Hann Holdings has notified the Securities and Change Fee of the deferment of its maiden providing, which might have been the nation’s second IPO for the yr.
The corporate was supposed to supply as much as 500 million major agency provide shares to the general public priced at P23.60 apiece from Sept. 9 to fifteen, 2025, with itemizing on the primary board of the Philippine Inventory Change (PSE) eyed on Sept. 23, 2025.
The provide consists of an overallotment choice of as much as 50 million shares to be supplied on the similar worth by the corporate’s promoting shareholder, Hann Group Holdings W.L.L.
Hann Holdings is anticipated to web as much as P11.43 billion from the first provide, which shall be used for capital expenditures to fund improvement and enlargement plans in addition to for normal company functions of Hann Philippines.
The corporate nonetheless plans to pursue its IPO as soon as market situations grow to be extra favorable.
Given the postponement of Hann Holdings’ IPO subsequent month, Maynilad Water Providers Inc.’s maiden providing is now slated to be the second IPO for the yr.
Maynilad’s goal itemizing date was beforehand adjusted to be no later than the top of October to accommodate sturdy potential demand from strategic cornerstone traders.
The corporate was initially aiming to be listed on the primary board of the PSE on July 17 below the buying and selling image “MYNLD.”
Just one public itemizing has been performed to date this yr, courtesy of Prime Line Enterprise Growth Corp., which raised P732.6 million from its IPO final April.
