NEXGEN Energy Corp., the wind and solar power arm of Pure Energy Holdings Corp.. said Monday that the Philippine Stock Exchange had approved its application for an initial public offering of some 300 million common shares at a price of P1.68 per share.In a notice, NexGen said the PSE also approved an overallotment or oversubscription option of 45 million shares, at the same price per share, from the selling shareholder, parent company Pure Energy.The IPO shares form part of the 1.
China Bank Capital Corp. is the sole issue manager and bookrunner for the offer, with Investment & Capital Corp. of the Philippines serving as joint lead underwriter.The offer period will start on July 1 and end on July 8, 2024. The tentative listing date on PSE's Small, Medium and Emerging Board is on July 18, 2024.
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