December 22, 2025
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CREC files for initial public offering

  • December 18, 2023
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CREC files for initial public offering

Citicore Renewable Energy Corporation (CREC) has filed a registration statement with the Philippine Securities and Exchange Commission, initiating a proposed initial public offering (IPO) of its common shares. 

The Offer plans to issue a maximum of 2,900,000,000 shares at a price of up to Php 3.88 per share, with an option for an additional 435,000,000 shares under an over-allotment option.

Considering these numbers, the potential gross proceeds from the offer could reach Php 11.2

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5 billion, excluding proceeds from the over-allotment option. 

However, the offer’s timing, final pricing, total number of

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offered shares, and allocation of proceeds are subject to market conditions, offer-related circumstances, and securing necessary regulatory approvals.

A preliminary offering circular has been submitted along with the registration statement for review and endorsement by the Philippine Securities and Exchange Commission and The Philippine Stock Exchange.