HANN Resorts, the operator of a casino-resort in Clark, Pampanga, is planning an initial public offering (IPO) worth up to P20 billion ($342.2 million), the chief of state-owned Philippine Amusement and Gaming Corp. (Pagcor) said on Tuesday.
The deal could be the largest maiden share sale in the Philippines since MREIT Inc.'s P15-billion IPO in 2021, and could match the amount raised by another integrated casino-resort IPO more than a decade ago.
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