The Philippines’ Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of Hann Holdings Inc – the holding company of Clark’s Hann Casino Resort.
In a statement issued Friday, the SEC said it had “considered favorably” Hann’s IPO and resolved to render effective the company’s registration statement covering up to 2.5 billion common shares, subject to compliance with certain requirements.
Hann will offer the public up to a fraction over 500 million shares priced at Php23.60 each – potentially raising up to Php11.8 billion (US$207 million) – including an over-allotment option of up to Php50,001,000 shares.
The SEC noted that funds raised by Hann “will be used for capital expenditures to fund development and expansion plans, and general corporate purposes of its wholly-owned subsidiary, Hann Philippines, Inc.”
The offer period is set to run from 9 to 15 September 2025 with the company to be listed on the Main Board of the Philippine Stock Exchange (PSE) on 23 September.
According to local media reports, Hann is set to become just the second IPO for the PSE this year, with the current listing landscape in the Philippines described as “tepid”.
Hann is currently in the midst of its uber-luxury Hann Reserve Phase 1 development in nearby New Clark City, slated for a 2027 opening. It is also embarking on an expansion of its existing Hann Casino Resort that will add more gaming space plus exclusive non-gaming amenities.
In a recent interview with IAG, Hann’s SVP of Casino Operations, Dennis Andreaci, said the expanded casino will add around 50% more slot machines and 40% more mass tables on top of the property’s existing 1,000 slots and 200 tables.
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