The Philippine Stock Exchange, Inc. (PSE) has given the signal for VistaREIT, Inc. to conduct its initial public offering (IPO).

The Villar-backed real estate investment trust (REIT) firm will hold its maiden share sale from May 30 to June 3, 2022.

The company is expected to list its shares on June 15, 2022 under the trading symbol VREIT.

VistaREIT will be offering up to 3.33 billion firm shares and up to 333.75 million over-allotment option shares at a price of up to P2.50 per share.

The final offer price will be determined on May 25, 2022 after the company conducts its book-building process.

“We are pleased with the steady increase in the number of REIT listings in the PSE,” PSE President and CEO Ramon S. Monzon said.

“The entry of VistaREIT will further boost the size of the REIT market and broaden the portfolio of mall and office building assets in the local REIT space,” Monzon added.

Local Small Investors (LSIs) may subscribe to the VistaREIT IPO through the PSE EASy website or mobile application.