Renewable energy developer NexGen Energy Corp. secured approval from the Securities and Exchange Commission (SEC) for itsP478 million initial public offering (IPO). The company, owned by businessman Dexter Tiu, plans to offer 300 million common shares at a maximum of P1.68 each, with an overallotment option of an additional 45 million shares. Proceeds from the offering, estimated at P478.4 million, will be used to partially finance NexGen's renewable energy projects across the Philippines. The shares will be listed on the Philippine Stock Exchange's Small, Medium, and Emerging Board.