EXCERPT

VistaREIT, Inc., the real estate investment trust of the Villar group, has pegged its initial public offering price at P1.75 per share for a total offering size of P4.8 billion.

In a disclosure to the Philippine Stock Exchange, the firm said it has decided to offer up to 2.75 billion secondary common shares consisting of 2.5 billion firm shares with an overallotment option of up to 250 million shares.

In addition, the firm informed the PSE that, “VistaREIT, Inc. is still awaiting feedback from the Securities and Exchange Commission on any further disclosures required to be made with respect to the revised offer size.”

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