Tycoon Edgar Saavedra, Securities and Exchange Commission chairman Emilio Aquino and Philippine Stock Exchange president and CEO Ramon Monzon mark Citicore Renewable Energy Corp.’s listing with a bell-ringing ceremony.
The latest offer, which ran from May 27 to 31, brought the total CREC shares listed on the PSE to about 8.93 billion common shares, with a market capitalization of P24.1 billion at the time of listing. CREC said 70 percent of the offer shares were earmarked for local and international investors, while the remaining 30 percent were issued to eligible trading participants and small retail investors.
UBS acted as the sole global coordinator and joint bookrunner, while BDO Capital and Investment Corp. served as the joint bookrunner and domestic lead manager. The latest IPO also followed the May 13 debut of Didipio mine operator OceanaGold Philippines Inc., the country’s first public listing for 2024 and also the first by a mining company in over a decade.