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Philippine tycoon Edgar "Injap" Sia will on Tuesday attempt his third straight blockbuster IPO with the real estate investment trust DDMP REIT. (Source photos by Cliff Venzon and screenshot from DoubleDragon's website) 
Market Spotlight

Can a barbecue baron kick off a big year for Philippine IPOs?

Hopes for Edgar Sia's REIT are high even as COVID and inflation cloud outlook

CLIFF VENZON, Nikkei staff writer | Philippines

MANILA -- Philippine tycoon Edgar "Injap" Sia has a reputation for blockbuster initial public offerings.

Last year, amid a raging pandemic, his grocery venture Merry Mart Consumer surged 50% to hit the bourse's limit on its first trading day. His Double Dragon Properties did the same when it debuted in 2014.

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