The offering now consists of 1.047 primary shares and 1.134 billion secondary shares. The secondary offering was reduced from 1.74 billion previously while the over-allotment option was likewise trimmed to 327.27 million from 418.34 million previously.“The company has decided to price the first energy REIT in the country at P2.
“At this price level, the sponsor has decided to increase its stake in the company post-IPO from 57.4 percent to 66 percent , by reducing the offer size…as the sponsor believes in the long-term value creation of the company,” he added.
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