NexGen Energy Corp., a wholly-owned subsidiary of Tiu family’s Pure Energy Holdings Corp. (PEHC), plans to raise up to P580 million from an initial public offering (PO) in July 2024.
Based on its filing with the Securities and Exchange Commission, NexGen will sell 300 million primary common shares and up to 45 million secondary shares at an offer price of up to P1.68 apiece.
The renewable energy company tapped China Bank Capital and Investment Capital Corp. of the Philippines as joint lead underwriters for the offering.
If its plan pushes through, NexgGen will be the third company to conduct an IPO this year.
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.
The Philippine Stock Exchange said NexGen plans to list its shares on July 8.
