Philippine Bourse Eyes More IPOs in 2021 Amid ‘Fragile’ Recovery
This article is for subscribers only.
The Philippine Stock Exchange is aiming for more companies to go public this year even as the economic environment “remains fragile,” according to President and Chief Executive Officer Ramon Monzon.
The stock exchange has a target for at least three companies and four real estate investment trusts to hold initial public offerings in 2021, Monzon said in a statement. More REITs are expected to list once the Securities and Exchange Commission approves proposed changes to the main and small enterprises boards’ IPO rules, he said.