MREIT sets final IPO price at P16.10

mreit sets final ipo price at p16 10

Sumary of MREIT sets final IPO price at P16.10:

  • ‘s real estate investment trust (REIT), MREIT Inc., has set the final price for its initial public offering (IPO) at P16.10 per share.
  • “The company has decided to price the deal at an attractive level to provide more upside to IPO investors who will be its long-term partners in this new journey,” MREIT President Kevin Tan said.
  • “Immediately post IPO, sponsor will be retaining a 62.5-percent stake to capture more near-term and long-term valuation upsides for its shareholders as MREIT actively grows its portfolio with the maturation of the overall REIT industry in the Philippines,” he continued.

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