The Philippine Stock Exchange expects the number of its initial public offerings in 2022 to reach a 26-year high of 11 companies as it has three more maiden offerings in its pipeline for the year.
Year-to-date, the PSE has had eight IPOs, matching the number of IPOs for the entire 2021. While it i
The Philippine Stock Exchange expects the number of its initial public offerings in 2022 to reach a 26-year high of 11 companies as it has three more maiden offerings in its pipeline for the year.
Year-to-date, the PSE has had eight IPOs, matching the number of IPOs for the entire 2021. While it i
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.