Eastern Gas opens at A$0.20, IPO at A$0.20

Eastern Gas opens at A$0.20, IPO at A$0.20

Eastern Gas Corporation Limited Commences Trading at A$0.20 Following IPO
February 25, 2026

Eastern Gas Corporation Limited (ASX: PH2) began trading on the Australian Securities Exchange (ASX) on February 24, 2026, with an initial public offering (IPO) price of A$0.20 per share. The listing marks the company's entry into the east coast gas market, positioning it as a new competitor in the sector.

The IPO, which raised capital through the issuance of shares at A$0.20, was announced by the ASX on February 24, 2026, following the lodgment of a prospectus by the company. No further details regarding the scale of the offering or post-IPO market performance were disclosed in publicly available materials at the time of reporting.

Eastern Gas Corporation Limited has also launched an application process through Automic in 2025, though specifics about its business operations, financials, or strategic plans remain unavailable in the provided sources. The company's focus appears to align with gas infrastructure or energy-related initiatives, given its name and market context, but no operational data is accessible in the referenced documents.

Investors are advised to review the prospectus and other official filings for comprehensive details about the company's structure, risks, and market positioning. As a newly listed entity, Eastern Gas Corporation Limited's long-term performance will depend on factors including market demand, regulatory developments, and operational execution—elements not addressed in the current source materials.

(February 2026): Eastern Gas Corporation Limited, Application Process via Automic (2025) (February 2026): ASX Announcement, Prospectus Lodged for Eastern Gas Corporation Limited (February 2026).

This article is based on publicly available information as of February 25, 2026. Investors should conduct further due diligence prior to making financial decisions.