HAUS Talk Inc. (HTI) ushered in the 2022 listing season at the Philippine Stock Exchange (PSE) with the listing of its initial public offering (IPO) shares at PSE’s Small, Medium and Emerging (SME) Board on January 17, 2022. HTI raised P750 million from its maiden offering which will be utilized by the company for land acquisition in Antipolo, Cavite and Pangasinan and for the development of a property in Bataan.
In his welcome remarks, PSE president and chief executive Ramon Monzon congratulated HTI for being the first company from the more than 30 companies registered in the Exchange’s handholding program to have listed at PSE.
“I am also pleased that this year’s IPO calendar commenced with the market debut of an SME.
This clearly demonstrates that a family-owned and managed SME can tap the equities market for its fundraising needs.
I am aware that most families are apprehensive about going public because of the requirements imposed on listed firms but companies like HTI prove that such requirements are not difficult or impossible to meet.” (PR)