SEC approves Hann Holdings’ IPO

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July 19, 2025 | 12:00am

MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of Hann Holdings Inc. targeted by September this year.

The commission said it resolved to render effective the registration statement of Hann Holdings covering up to 2.5 billion common shares, subject to the company’s compliance with certain remaining requirements.

Hann Holdings, through subsidiary Hann Philippines Inc., operates Hann Casino Resort, a luxury gaming and hospitality complex in Clark Freeport Zone, Pampanga.

The SEC said the company is expected to net up to P11.43 billion from the primary offer, which will be used for capital expenditures to fund development and expansion plans as well as for general corporate purposes of Hann Philippines.

Hann Holdings intends to offer up to 500 million primary firm offer shares to the public priced at P23.60 apiece.

The offer includes an overallotment option of up to 50 million shares to be offered at the same price by the company’s selling shareholder, Hann Group Holdings W.L.L.

The offer period is targeted to run from Sept. 9 to 15, 2025, with listing on the main board of the Philippine Stock Exchange eyed on Sept. 23, 2025.

Given the current timetable, it could potentially be the country’s second IPO for the year, with Maynilad Water Services Inc. earlier adjusting its target listing date to no later than end of October.

The country’s IPO landscape has been tepid so far, with only one public listing this year, courtesy of Top Line Business Development Corp., which raised P732.6 million from its IPO last April.

The PSE is looking to double last year’s IPO number with a total of six IPOs eyed for 2025.