Tuesday, May 30, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

PREIT prices IPO at P1.50/share to raise P2.42b

Jenniffer B. AustriabyJenniffer B. Austria
November 24, 2022, 7:30 pm
in Business, Corporate
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

By Jenniffer B. Austria

Premiere Island Power REIT Corp. of the Villar Group priced its initial public offering at P1.50 per share.

The company said in a filing with the stock exchange Thursday the final offer price would be 25 percent lower than the initial guidance and was set following the completion of a book-building process.

PREIT will raise P2.42 billion in proceeds from the sale of 1.4 billion secondary shares and another 210 million over-allotment shares based on the final price offer.

The public offering will run from Nov. 28 to Dec. 5, with listing on the main board of the local bourse scheduled on Dec 15.

PREIT will have a public float of 48.96 percent post-IPO, assuming the over-allotment shares will be fully exercised.

China Bank Capital Corp. is the sole issue manager, underwriter and book runner for the IPO while RCBC Capital Corp. is a participating underwriter.

PREIT is the power and infrastructure platform of Prime Asset Ventures Inc., the holding company of Manuel Paolo Villar, the eldest son of real estate tycoon Manuel Villar.

The company’s initial property portfolio consists of land and power plant assets utilized in the power generation projects of major shareholders Siquijor Island Power Corp. and Camotes Island Power Generation Corp.

These projects, located in Cebu and Siquijor, have a combined installed capacity of 21.2 megawatts.

It aims to be among the leading diversified power and infrastructure REITs in the Philippines in terms of portfolio, profitability, growth, sustainability and dividend yield.

PREIT will be the 9th company to conduct a maiden share offering this year—a record number of IPOs for the local bourse.

Among the firms that joined the PSE this year were Haus Talk Inc., Figaro Coffee Group Inc., Citicore Energy REIT Corp., Bank of Commerce, CTS Global Equity Group, Inc., Raslag Corp., VistaREIT Inc. and Balai ni Fruitas Inc.

Five were listed on the main board while three joined the small, medium and emerging board of the PSE.

Tags: initial public offeringIPOPREITPremiere Island Power REIT Corp.Villar Group
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 30, 2023, 6:15 am
0
8
FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN FIXED INCOME FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 30, 2023, 6:10 am
0
8
FIRST METRO SAVE AND LEARN FIXED INCOME FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN EQUITY FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 30, 2023, 6:05 am
0
8
FIRST METRO SAVE AND LEARN EQUITY FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN MONEY MARKET FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 30, 2023, 6:00 am
0
8
FIRST METRO SAVE AND LEARN MONEY MARKET FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

Budget surplus of national gov’t climbed 13 times to P66.8b in April

byJulito G. Rada
May 29, 2023, 7:00 pm
0
8
How the weaker peso is affecting remittances—and three ways Filipinos can take advantage

The national government posted a budget surplus of P66.8 billion in April, or more than 13 times the P4.9 billion...

Read more

ICTSI investing P15b to build new berth at Manila terminal

byDarwin G. Amojelar
May 29, 2023, 6:55 pm
0
8
ICTSI plans to invest $230m next year to expand Mexican terminal capacity

International Container Terminal Services Inc. said Monday it is investing P15 billion to build another berth at the Manila International...

Read more
ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App