The IPO process for Citicore is being managed by UBS AG and BDO Capital, two financial firms with extensive experience in guiding companies through the complexities of going public. The move to expand Citicore's solar plant projects through this IPO underscores the growing focus on renewable energy in the Philippines and the potential for investors to contribute to the country's sustainable energy future. MANILA - The Securities and Exchange Commission  SEC  has given the green light for Citicore Renewable Energy Corporation's initial public offering  IPO , which is expected to raise as much as P12.94 billion. The approval, granted on Tuesday, paves the way for Citicore's shares to be priced at a maximum of P3.88 each during its public offering scheduled for March 4-8, 2024.Citicore is targeting to have its shares listed on the Philippine Stock Exchange main board by March 15, 2024.
Citicore Renewable Energy Corporation's IPO, managed by UBS AG and BDO Capital, has been approved by the SEC. The IPO aims to raise P12.94 billion, with shares priced at a maximum of P3.88 each and targeting a listing on the Philippine Stock Exchange main board by March 15, 2024.