Casino and leisure firm Hann Holdings Inc. has filed its preliminary prospectus for an initial public offering (IPO) to raise up to P12.98 billion to fund expansion plans and strengthen its position in the country’s integrated resort industry.
Under the plan, Hann Holdings will offer 500 million common shares at a maximum price of P23.60 each, plus an additional 50 million secondary shares to cover an overallotment option.
BDO Capital and Investment Corp. president Eduardo Francisco confirmed via text message that Hann Holdings had filed for an IPO. BDO Capital is one of the domestic underwriters for the offering.
The IPO proceeds will support Hann Holdings’ aggressive push into the high-end integrated resort and leisure market, where it has established a growing footprint through several large-scale developments in Central Luzon.
Its flagship properties include Hann Casino Resort in Clark Freeport Zone, Pampanga. The luxury development features a gaming floor, international hotel brands such as Swissôtel and Clark Marriott, high-end retail and fine dining.
Hann Casino Resort’s gaming area spans 130,000 square meters, with 147 tables and 868 slot machines, and two VIP Clubs for local and foreign members.
The company is also developing Hann Reserve, a 450-hectare luxury mountain resort in New Clark City, Tarlac.
The project is envisioned as the country’s first luxury eco-leisure estate, with plans for high-end hotel brands, golf courses and residential villas. Global hospitality names such as Banyan Tree, Sofitel and The Luxury Collection by Marriott are expected to be part of the future lineup.
Hann Holdings’ expansion strategy positions it as a key player in the Philippine tourism and leisure sector, capitalizing on the country’s growing demand for luxury destinations and gaming tourism.
The offering is subject to regulatory approval by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE).
Pricing and final share allocation are expected to be finalized after a book-building process.
Hann Holdings is the third company to file for an IPO this year, following Top Line Business Development Corp. and Maynilad Water Services Inc.
