Ayala Land, Inc. (ALI) celebrated its 30th year as a listed company at the Philippine Stock Exchange (PSE) through a bell-ringing ceremony at the PSE Tower’s Trading Floor in Bonifacio Global City.

Ayala Land, Inc. (ALI) celebrated its 30th year as a listed company at the Philippine Stock Exchange (PSE) through a bell-ringing ceremony at the PSE Tower’s Trading Floor in Bonifacio Global City. Joining ALI Chairman Fernando Zobel de Ayala on the trading floor were ALI President and CEO Bernard Vincent Dy, ALI CFO Augusto D. Bengzon and PSE SVP and COO Roel Refran with fellow PSE executives, while PSE Board members joined virtually. Sharing their messages of congratulations to the company were Finance Secretary Carlos Dominguez III, SEC Chairman Emilio B. Aquino, and PSE President and CEO Ramon Monzon.

ALI went public on July 5, 1991 with a P2.5 billion stock offering, this despite a challenging business environment brought about by crises such as the Gulf War and the Mt. Pinatubo eruption. The company offered a total of 96 million class B shares at a price of P26 per share, making it the largest equity offering at that time. The listing was well received by the market as it was four to five times oversubscribed, and the proceeds generated were used to finance real estate development projects and future acquisitions. “This landmark listing unlocked Ayala Land’s potential and opened immense opportunities to expand into new geographies and product lines to serve a wider stakeholder base,” said Zobel de Ayala, adding that the company now has a total of 30 sustainable estates around the country from only three during its listing.