The Tiu family’s NexGen Energy Corp. is selling shares in its initial public offering (IPO) next week after setting the final price at P1.68 per share.
The company is raising up to P580 million through the sale of up to 23 percent of the firm to outside investors.
Of the amount, the primary portion of the IPO is worth P504 million, which will be used to partially finance its renewable energy projects in Zambales, Cavite, and other parts of the country.
NexGen is targeting to make its trading debut under the stock symbol “XG” on July 16, 2024. The offer period will run from July 1-8 this year.
