VILLAR-LED Premiere Island Power REIT Corp. is likely to push through with its initial public offering (IPO) in November as the market conditions should have improved by then, an analyst said, but others have doubts about its timing.
VILLAR-LED Premiere Island Power REIT Corp. is likely to push through with its initial public oering in November as the market conditions should have improved by then, an analyst said, but others have doubts about its timing.
“Inflation rate [is] expected to peak in October while the market may have already bottomed out towards November after pricing in much of the interest rate uncertainties,” Mr. Temporal added. The company, which is led by Manuel Paolo A. Villar, plans to offer up to 1.4 billion secondary common shares with an over-allotment option of up to 210 million secondary common shares at a maximum offer price of P2.00 per share.
Mr. Lood said that “it is advantageous for companies to delay the issuance to give investors more time to digest what is happening in the market.” “2023 is expected to have normalizing macroeconomic conditions such as easing inflation rates and interest rate concerns and this should be able to bring in a better market climate toward IPOs,” he said.
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