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Philippines' Citicore Energy REIT shares open 9% up after $124 mln IPO

Posted on February 22, 2022

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)


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Citicore Energy REIT Corp. (C-REIT)is the country’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly harnessing nature’s resources and empowering communities. C-REIT operates as a REIT upon compliance with the Philippine REIT Law.

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