Hann Group optimistic on IPO prospects 

Hann Group founder and chief executive officer Dae Sik Han is optimistic on Hann Holdings Inc.’s upcoming initial public offering (IPO) by September this year despite the recent volatility in the market, according to a report by Philippine News Agency.

“It’s going pretty okay. We’ve gotten pretty good positive feedback, so I think it should be okay,” Han said in an interview on "Thought Leaders" on One News.

“Right now, our main market is more domestic and then a few foreign markets. As everybody knows this, Philippines is more of a consumer driven market. And then all of the tariff and tensions, relatively, I don’t think Philippines will be very much affected,” he said.

Hann Holdings, which operates Hann Casino Resort in Pampanga through subsidiary Hann Philippines Inc., intends to offer up to 500 million primary shares to the public priced at P23.60 apiece.

The offer includes an overallotment option of up to 50 million shares to be offered at the same price by the company’s selling shareholder, Hann Group Holdings W.L.L.

The offer period is targeted to run from Sept. 9 to 15, 2025, with listing on the main board of the Philippine Stock Exchange eyed on Sept. 23.

The Securities and Exchange Commission, which approved the IPO last month, said Hann Holdings is expected to net up to P11.43 billion from the primary offer, which will be used for capital expenditures to fund development and expansion plans as well as for general corporate purposes of Hann Philippines.

“I plan to go for IPO toward the end of September. That’s the target. And with the proceeds, I’m expecting something like $200 million,” Han said.

“I’ve been thinking about this listing for a couple of years and then there should be compelling reasons why I have to go for IPO right now. The most important thing is I have a lot of plans in place for future expansion,” he said.

The company plans to invest P30 billion for another major expansion planned for its Hann Casino Resort in Pampanga.

The project will include the development of an additional gaming facility with an aggregate gaming area of 7,537 square meters, increasing its gaming capacity with 80 table games and 1,254 slot machines.

The branded residences and casino expansion will also include two branded residential towers with approximately 1,363 units, 3,247 square meters of function rooms as well as various new food and beverage options.

Hann Resorts is also in the process of expanding the existing property through a gaming and carpark extension project.

“Instead of trying to keep everything myself and try to slow down all of this development, it’s much better to go public and then be aggressive because I know that this will improve the value of the company in a couple of years. I’m very confident. That’s the reason why I’m going for IPO,” Han said.