Philippines' VistaREIT opens lower after $90 million IPO

15/6/2022 4:50:00 AM

Philippines' VistaREIT opens lower after $90 million IPO

Philippines' VistaREIT opens lower after $90 million IPO

MANILA : Philippine property firm VistaREIT Inc shares opened 1.14 per cent lower on Wednesday, debuting in the Southeast Asian nation's stock exchange after an 4.8 billion pesos ($90.45 million) initial public offering (IPO).VistaREIT, a real estate investment trust owned by the Philippines' richest man,

MANILA : Philippine property firm VistaREIT Inc shares opened 1.14 per cent lower on Wednesday, debuting in the Southeast Asian nation's stock exchange after an 4.8 billion pesos ($90.45 million) initial public offering (IPO).VistaREIT, a real estate investment trust owned by the Philippines' richest man, offered 2.75 billion shares including an over-allotment option at 1.75 pesos each in the country's seventh IPO this year. The shares fell by as much as 9 per cent in early trade.

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LinkedIn MANILA : Philippine property firm VistaREIT Inc shares opened 1....

14 per cent lower on Wednesday, debuting in the Southeast Asian nation's stock exchange after an 4.8 billion pesos ($90.45 million) initial public offering (IPO). VistaREIT, a real estate investment trust owned by the Philippines' richest man, offered 2.75 billion shares including an over-allotment option at 1.

75 pesos each in the country's seventh IPO this year. The shares fell by as much as 9 per cent in early trade. ($1=53.20 Philippine pesos) .