Philippine casino operator Hann Holdings Inc. has postponed its initial public offering that was supposed to take place next month, according to its Chief Executive Officer Dae Sik Han.
Hann was planning to raise up to 11.8 billion pesos ($207 million) by selling 500 million common shares at a maximum price of 23.60 pesos apiece. There is an option to sell 50 million more secondary shares, the company has said in its prospectus.