Casino and leisure firm Hann Holdings Inc has filed a preliminary prospectus with the Philippine Stock Exchange (PSE), aiming to raise up to PHP 11.8 billion (US$212 million) through an initial public offering (IPO).
IPO details and timeline
According to a report by Bloomberg, the IPO will involve the sale of 500 million common shares at a maximum price of PHP23.60 per share. An additional 50 million secondary shares may also be sold, depending on market demand.
The offer period could begin as early as September 9, with Hann targeting a listing date of September 19 on the Philippine Stock Exchange. The offering will be conducted by group entity Hann Holdings Inc., which manages the company’s leisure and gaming developments.
Flagship projects in Clark and New Clark City
Hann Resorts operates Hann Casino Resort, the first fully integrated 바카라 and leisure destination in the Clark Freeport Zone, Pampanga. Located on a former U.S. military base, the Freeport has transformed into a commercial and tourism hub in northern Philippines.
In addition to its 바카라 property, the company is also developing Hann Reserve, a 450-hectare luxury mountain estate in New Clark City, Tarlac province. According to its website, Hann Reserve is set to include high-end hotels, golf courses, and other recreational facilities designed to attract international and domestic tourists.
Revival of Philippine IPO market
If successful, Hann’s IPO would mark a significant boost to the Philippine equity market, which has seen limited listings in 2025. So far, only one company — Top Line Business Development Corp., a fuel trader — has debuted this year, raising PHP732.6 million.
Another major listing is on the horizon. Maynilad Water Services Inc. has filed for what could be the largest IPO of 2025, involving up to 2.46 billion shares at a maximum price of PHP20 each. The Maynilad offering is tentatively scheduled for June 25 to July 2, with a listing planned on July 10.
