OceanaGold PH IPO approved by SEC

OceanaGold [OGP] [link] received SEC approval for its proposed P7.88 billion IPO. The tentative dates for the offer period and listing are April 22 through 26 for the offer, and May 7 for the listing. The next (and final) step in the process is for OGP to receive approval for its IPO from the PSE itself.

MB bottom-line: I’m not aware of all that goes into obtaining the PSE’s approval, but one of the main parts of this leg in the process is getting the IPO’s dates solidified and on the PSE’s calendar. As of now, the dates are just wishful thinking and are subject to change by the PSE for its own scheduling purposes. Given the lack of ongoing transactions (and the likely desire for the PSE to get the equity-raising party started), I doubt the exchange will sit on this application for long. Once approved, I’ll do a deeper dive into this IPO. 

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