Sialed DoubleDragon Properties Corp. on Monday filed a registration statement to the Securities and Exchange Commission for its real estate investment trust (REIT) initial public offering (IPO).

In a disclosure, the listed property firm said the IPO of DDMP REIT Inc. would initially consist of 5.94 billion shares with an overallotment option of up to 594.25 million shares at an indicative price of up to P2.25 per share.