Philippines' Vista Land files for up to $176m IPO of its REIT unit

Philippines' Vista Land files for up to $176m IPO of its REIT unit

IPO

The property firm owned by the Philippines’ richest man has filed for an initial public offering of up to 9.18 billion pesos ($175.8 million) of its real estate investment trust (REIT) unit, the corporate regulator said on Monday.

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