The Gotianun family’s Filinvest REIT Corp. is looking to seduce investors later this month for an upcoming real estate investment trust (REIT) offer that would debut under the stock symbol “FILRT.”
The company, sponsored by property giant Filinvest Land Inc., aims to raise as much as P14.9 billion from an initial public offering that would run from July 26 to Aug. 3.
The Philippine Stock Exchange announced the approval on Monday, which would be the third REIT listing after Ayala Land Inc.’s AREIT Inc. and DoubleDragon Properties Corp.’s DDMP REIT Inc.
Filinvest REIT is selling up to 1.79 billion shares at an indicative maximum offer price of P8.50 each. This involves 1.63 billio…
Keep on reading: Filinvest secures PSE’s OK for P14.9-B REIT listing