Citicore Energy REIT Corporation (CREIT) and its underwriters are looking forward to the strong interest from investors following the approval of its initial public offering (IPO).
BDO Capital and Investment Corporation, one of CREIT’s underwriters for the IPO, believes that there will be a strong interest in the country’s first energy real estate investment trust.
“We expect there to be strong interest in the offering, considering its pioneering status as an energy-REIT and a sustainable investment alternative in the renewables sector, among others,” BDO Capital and Investment Corporation President Eduardo Francisco said in a statement.
“Most of the institutions, especially those who have integrated [environmental, social, and governance] as part of their investment process, are highly attracted to CREIT’s underlying business, which is renewable energy [(RE)], and its sustainable angle,” said Ben Thomas Paἠares, President and CEO of Unicapital, Inc., the IPO’s Issue Manager and Joint Global Coordinator, Joint Bookrunner and Lead Local Underwriter.
“We are finally closing on our main goal, which is the listing date, and completing all the prerequisites to ensure a smooth process and transactional flow after receiving the green light from regulators.” CREIT President and CEO Oliver Tan said.
Tan is also hoping to receive strong and positive feedback from the company’s investors and marketing initiatives, saying that this “will be key to ensure CREIT’s successful IPO.”
Citicore is looking to build 1,500 megawatts of RE projects in the next four years.
