OceanaGold sets IPO price at P13.33 per share

OceanaGold Philippines set its initial public offering price at P13.33 per share, reducing the initial target price by 23 percent.

The company, which is selling shares next month to meet the requirements of its mining franchise, operates the Didipio gold-copper mine in Nueva Vizcaya province in Luzon. 

It aims to list under stock symbol “OGP” on May 13 this year, a previous prospectus showed. 

The offer period will run from April 29 through May 6, 2024. 

OceanaGold will be the first IPO to list this year, followed by tycoon Edgar Saavedra's Citicore Renewable Energy Corp., which aims to make its PSE debut on May 31, 2024. 

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

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