PH realty player Filinvest Land's REIT sets final price for $250m IPO

PH realty player Filinvest Land's REIT sets final price for $250m IPO

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

Philippines-listed real estate developer Filinvest Land‘s real estate investment trust (REIT) subsidiary has set the final price of its initial public offering (IPO) at 7 pesos per share, about 15.7% lower than the original price of up to 8.30 pesos per share.