Shares of OceanaGold Philippines decline in market debut after $105m IPO

Shares of OceanaGold Philippines decline in market debut after $105m IPO

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

Shares of gold miner OceanaGold Philippines Inc ended 6.16% lower on its trading debut on Monday after a 6.078 billion pesos ($105.10 million) initial public offering (IPO), the first IPO in the Philippines this year.