Solar energy company Raslag Corp. is launching an P805-million initial public offering (IPO) next month, hoping to ride the wave of interest in the sector amid Solar Philippines Nueva Ecija Corp.’s stock market surge.
Established in 2013, Raslag is led by Angeles City, Pampanga-based Peter G. Nepomuceno, described in the IPO prospectus as a visionary businessman with over six decades of experience in the power industry.
He is the the patriarch of the Nepomuceno family, whose business history dates back almost a century ago when they established the Angeles Ice Plant.
‘Light’
Raslag, derived from the Kapampangan word “aslag,” which means “light,” is raising money to finance its fourth solar plant dubbed Raslag-4, a 35-megawatt facility that is expected to be commercially operational by March 2024, and future projects.
Raslag is selling 350 million primary shares at up…
Another solar energy firm taking shot at IPO magic
