Billionaire Razon’s Green Infra Firm Is Said to Weigh Manila IPO

Prime Infrastructure Holdings Inc., billionaire Enrique Razon’s sustainable infrastructure firm, is considering an initial public offering in Manila that could raise as much as $400 million, according to people with knowledge of the matter.

The company is working with financial advisers on the potential first-time share sale, the people said. A listing in the Philippines could take place as soon as this year, said the people, who asked not to be identified as the process is private.

Deliberations are ongoing and details of the offering such as the size and timing could still change, the people said. Prime ...