CITICORE Renewable Energy Corp. (CREC) debuted on the Philippine Stock Exchange (PSE) on Friday, having raised more than P5 billion from an initial public offering amid a warm reception from local and international investors.

"CREC completed its offering of 1,785,715,000 common shares, with a 10 percent overallotment option of up to 178,572,000 secondary common shares, at a price of P2.70 per share," the RE firm, member of the Saavedra-led Megawide group, said in a disclosure.

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