PLDT Eyes $397 Million REIT IPO in Boost for Philippine Market (opens original article in a new tab)

PLDT's data center subsidiary VITRO Inc. is planning a $397 million REIT IPO to support its data center expansion and potentially boost Philippine market liquidity.

• PLDT's data center subsidiary VITRO Inc. plans to raise 24.2 billion pesos ($397 million) through a REIT IPO
• The IPO could be Southeast Asia's first of the year and aims to boost market liquidity
• Proceeds will support VITRO REIT's data center expansion and are targeted for the fourth quarter