PSE OKs Haus Talk IPO

MANILA, Philippines — The Philippine Stock Exchange (PSE), operator of the local bourse, has approved the initial public offering (IPO) of residential developer Haus Talk Inc. (HTI), the first IPO for 2022.

The company, which will be listed at the Small, Medium and Emerging (SME) Board of the PSE, will be offering up to 500 million primary shares.

HTI’s target offer period is from Jan. 3 to 7, 2022 at a price of up to P1.50 per share, according to its IPO papers filed with the PSE.

The final offer price will be determined on Dec. 27, 2021 after the company completes its book building process.

PSE president and CEO Ramon Monzon said Haus Talk is one of the companies in PSE’s handholding program for potential IPO listing applicants.

“We are pleased to see that their IPO journey will soon come into fruition,” he said.

The PSE is helping over 30 companies with their plans to go public under the handholding program, most of which are candidates for SME Board listing.

He said SMEs, which want to know more about raising funds in the equities market, may avail of PSE’s free Listing Application Online Consultation and IPO Readiness Assessment services.

“We have long wanted to grow the number of SMEs listed in the PSE. To achieve this, we relaxed our listing rules and beefed up the support we provide to potential listing applicants.  We hope that the IPO of Haus Talk will set the tone for 2022 in encouraging other SMEs to consider raising capital through the stock market,” Monzon said.