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)
(Reporting by Neil Jerome Morales Editing by Ed Davies)
((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Click to read more: https://www.userwalls.news/n/philippines-citicore-energy-reit-shares-open-124-mln-ipo-2854088/