DDMP REIT closes flat on listing day at PSE mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published March 5, 2021, 6:00 PM
DoubleDragon Properties Corporation has set the initial public offering price of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse, at P2.25 per share.
The final IPO price of P2.25 is the maximum of its indicative offering price and translates to a maximum offer size of P14.7 billion.
The firm is offering 5.94 billion common shares with an over-allotment option of up to 594.25 million shares.
The offer period will run from March 10 to 16, 2021 and is tentatively scheduled to be listed on the main board of the PSE on March 23, 2021.
Photo credit: http://www.ddmeridianpark.com/