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Solar Philippines says set for Dec. 17 market debut, IPO 2x oversubscribed

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Solar Ranch Handout" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/life/12/15/20211214-solar-ranch.jpg"/><figcaption>Solar Ranch or Southeast Asia’s largest solar project will soon rise on a former ranchland developed by Solar Philippines Nueva Ecija Corporation. <em>Handout</em></figcaption></figure></div><p>MANILA— Solar Philippines Nueva Ecija Corp said Wednesday it is all set for its Dec. 17 market debut after an &quot;almost twice&quot; oversubscription of its initial public offering.</p><p>The company has raised P5.3 billion in orders for its initial P2.7 billion offer, Solar Philippines said in a statement.</p><p>“We’re grateful for the public’s faith in our ability to turn this power point into a power plant, and hope our work can live up to these expectations,” said Solar Philippines founder Leandro Leviste.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/11/17/21/solar-philippines-seeks-to-raise-p27-billion-in-ipo">Solar Philippines seeks to raise P2.7 billion in IPO</a></li>	<li><a href="https://news.abs-cbn.com/business/11/24/21/solar-philippines-sets-final-ipo-offer-price">Solar Philippines sets final IPO offer price</a></li></ul><p>The company&#x27;s IPO will be the last for the Philippine Stock Exchange for the year.</p><p>The company said proceeds from the IPO will be used for its projects and expansion plans. </p><p>Solar Philippines earlier said it plans to develop the &quot;largest&quot; solar project in Southeast Asia.</p><p>PSE president Ramon Monzon earlier said there were more Filipinos investing in the stock market during the pandemic.</p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1832625" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Solar Philippines Nueva Ecija Corp said Wednesday it's all set for its Dec. 17 market debut after an 'almost twice' oversubscription of its initial public offering.