PLDT unit plans $399 million data centre REIT IPO, first of its kind in Philippines

Philippines-based telco PLDT Inc said on Monday its unit aims to raise up to 24.20 billion pesos ($398.70 million) via a data centre REIT IPO, in what would be the country’s first listing backed by digital infrastructure assets.

VITRO ⁠Inc., ⁠a unit of PLDT’s corporate arm ePLDT, has filed a registration statement and REIT plan with the Philippine Securities and Exchange Commission for the proposed listing, PLDT said in a statement.

ePLDT plans to offer up to 1.91 billion secondary shares, with an over-allotment ⁠option of ‌up to nearly 287 million additional shares, at a price of up to 11 pesos ⁠each.