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Philippine Tycoon Andrew Tan’s Megaworld Cuts MREIT IPO Price, Size As Investors Seek Higher Yield

Philippine Tycoon Andrew Tan's Megaworld Cuts MREIT IPO Price, Size As Investors Seek Higher Yield

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Megaworld—controlled by billionaire Andrew Tan—has lowered the price and size of the planned initial public offering of its office real estate invest trust, reducing proceeds from the IPO to 15.3 billion pesos ($307 million) as investors seek higher yields.

...read full article on Forbes

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