Megaworld sets final offer price of REITs IPO

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Megaworld sets final offer price of REITs initial public offering

The final number of offer shares is 844,300,000 with up to 105,537,500 option shares, MREIT Inc said in a disclosure to the stock exchange.

"The Company has decided to price the deal at an attractive level to provide more upside to IPO investors who will be its long-term partners in this new journey," MREIT Inc president Kevin Tan said in a separate statement.Megaworld intends to use the proceeds to fund 21 projects all over the country in the next 12 months, Tan said.

The Andrew Tan-led developer earlier said it aims to make its REITs offering as among the biggest in Southeast Asia.

 

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