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The Philippine Stock Exchange (PSE) has approved the Php 1.87 billion initial public offering (IPO) of renewable developer Alternergy Holdings Corp.
Manila-based Alternergy will now sell up to 1.26 billion shares at a maximum offer price of P1.48 per share to finance its pipeline of renewable power projects.
The offer consists of 1.15 billion primary common shares and an overallotment option for an additional 115...