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MANILA, Feb 22 (Reuters) – Philippines’ Citicore Energy REIT Corp (CREIT.PS) shares opened 9% higher on Tuesday, debuting in the stock market after its 6.4 billion pesos ($124.5 million) initial public offering.
Citicore REIT, which earns revenue from solar power assets, sold 2.5 billion shares, including an over-allotment option, at 2.55 pesos per share.
($1=51.41 Philippine pesos)
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Reporting by Neil Jerome Morales
Editing by Ed Davies
Our Standards: The Thomson Reuters Trust Principles.
Register now for FREE unlimited access to Reuters.comMANILA, Feb 22 (Reuters) – Philippines’ Citicore Energy REIT Corp (CREIT.PS) shares opened 9% higher on Tuesday, debuting in the stock market after its 6.4 billion pesos ($124.5 million) initial public offering.Citicore REIT, which earns revenue from solar power assets, sold 2.5 billion shares, including an over-allotment option, at 2.55 pesos per share.($1=51.41 Philippine pesos)Register now for FREE unlimited access to Reuters.comReporting by Neil Jerome Morales Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.