Citicore IPO at P2.70/share, offering 30% discount from maximum target

MANILA, Philippines — Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC), the second company to go public this year, has priced its initial public offering (IPO) at P2.70 per share, an amount that analysts say may attract more investors to a sector with significant growth potential despite risks. The price marks a 30.4-percent discount from […]…

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