The Philippine Stock Exchange (PSE) has approved the P750-million initial public offering plan of developer Haus Talk Inc.
The company is looking to offer to the public 500 million shares at an offer price of up to P1.50 apiece. It is set for January 3-7, 2022 with listing eyed Jan. 17, 2022
The 2022 capital raising calendar of the Philippine Stock Exchange (PSE) will be opened by the initial public offering (IPO) of residential developer Haus Talk, Inc. (HTI). The company, which will list in the PSE’s Small Medium and Emerging (SME) Board.
This will be the first IPO by next year.
The company said it plans to use the proceeds of the IPO for land acquisition worth P462.01 million, project development worth P216.58 million, and P38.71 million will go to general corporate purposes. Haus Talk said it plans to acquire bigger plots of lands for its projects, particularly in Bacoor, Dagupan, Sta. Cruz, and Antipolo.
Investment and Capital Corporation of the Philippines will serve as underwriter for the share sale.
“Haus Talk is one of the companies in PSE’s handholding program for potential IPO listing applicants. We are pleased to see that their IPO journey will soon come into fruition,” Ramon Monzon, PSE president, said.
