Citicore REIT IPO starts on February 2

THE initial public offering (IPO) of Citicore Energy REIT Corp. (CREIT) is scheduled from February 2 to 8, 2022, following approval of the Philippine Stock Exchange (PSE) of its maiden share sale.

The company is offering up to 2.78 billion primary and secondary shares and up to 418.34 million over-allotment shares.

CREIT’s shares will be offered at a price of up to P3.15 apiece.

The final offer price will be determined on January 26, 2022, after the company conducts its book-building process.

The tentative listing date is scheduled on February 17, 2022.

Ten percent of CREIT’s firm offer shares will be reserved for local small investors, who may subscribe to the IPO through the PSE EASy website or mobile application. (PR)