NexGen Energy Corp., a wholly-owned subsidiary of Tiu family’s Pure Energy Holdings Corp. , plans to raise up to P580 million from an initial public offering in July 2024.
The renewable energy company tapped China Bank Capital and Investment Capital Corp. of the Philippines as joint lead underwriters for the offering.Mining firm OceanaGold Philippines Inc. was listed in the main board of the PSE on May 13, while Citicore Renewable Energy Corp. is scheduled to list on June 7.NexGen earlier said it was preparing for an IPO to raise funds for its renewable energy projects in the pipeline.
NexGen was established on June 7, 2017, to be the wind, solar and agriculture technology development arm of PEHC. NexGen also has eight wind energy service contracts under Airstream, with four more WESCs in the process of being consolidated into Airstream.
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