PSE relaxes requirements to boost interest in IPO listing sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
Published April 6, 2021, 3:35 PM
The Philippine Stock Exchange, Inc. (PSE) aims to get more companies to consider raising capital through an initial public offering (IPO) after it relaxed its listing rules.
In a statement, the bourse said it has released its Amended Listing Rules which contain relaxed profitability and operating history requirements and a temporary relief clause in considering applications due to the pandemic.
“The Philippine stock market lags behind when it comes to the number of companies going public. To address this issue, we relaxed certain requirements for listing in both the Main and SME Boards and we introduced a measure that will gauge a company’s suitability for listing despite the challenges it is facing due to the pandemic,” said PSE President and CEO Ramon S. Monzon.