- Reuters
UPDATE 1-Toronto-listed OceanaGold prices $106 mln IPO of Philippine unit
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024. In a disclosure, OceanaGold Philippines Inc said it had priced its IPO at 13.33 pesos ($0.2326) per share, a discount of 23% to a maximum potential price of 17.28 pesos included in the filing to securities regulators. "The deal was supported by foreign and local investors," Eduardo Francisco, president of BDO Capital, the IPO's underwriter.
- Reuters
Toronto-listed OceanaGold prices Philippine unit's IPO
Toronto-listed miner OceanaGold Corp said it has priced the initial public offering (IPO) of its Philippine unit at 13.33 pesos ($0.2326) per share on Wednesday. In a disclosure to the stock exchange, OceanaGold said it will sell up to 456 million shares or a 20% stake in OceanaGold Philippines Inc worth 6.078 billion pesos ($106 million). At the offer price, OceanaGold Philippines secures a market value of 30.39 billion pesos in the IPO, the Philippines' first listing for 2024.
