MVP says VITRO REIT IPO may still happen this year
PLDT’s VITRO REIT is keeping its sights set on launching its planned initial public offering (IPO) before the year draws to a close amid concerns it may be pushed back to next year.
The PLDT-affiliated VITRO REIT is determined to launch its planned IPO before the end of the year despite worries that it may be delayed until next year, according to PLDT President and CEO Manuel V. Pangilinan. Pangilinan expressed PLDT's commitment to proceeding with the IPO later this year, emphasizing their "best efforts" to achieve this goal.
However, sources familiar with the deal suggest that the IPO could be postponed further to later in the year, contingent on the order book and other factors. The Philippine Stock Exchange (PSE) President and CEO Ramon Monzon revealed that the listing date of VITRO REIT was postponed as the company is in the process of finalizing agreements with key investors.
VITRO REIT, a wholly-owned subsidiary of PLDT's ePLDT Inc., had initially planned to list on the PSE on October 12. This IPO would mark the first digital infrastructure real estate investment trust (REIT) in the Philippines. The registration statement and REIT plan for the proposed P24.2-billion IPO were submitted to the Securities and Exchange Commission (SEC) in June.
The IPO, which includes the issuance of 1.91 billion secondary common shares at P11 each, is backed by an overallotment option of 286.96 million shares. The amended REIT guidelines, approved by the SEC in 2026, broaden the framework for income-generating real estate to include digital infrastructure assets such as information and communications technology infrastructure and data centers.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
