The Philippine Stock Exchange (PSE) expects about six to eight company stock listings this year, down from the usual target of 10 initial public offerings (IPOs) and follow-on offers in recent years, with market sentiment remaining fragile due to global uncertainty.
Market volatility may keep companies from launching their equity fundraising this year, but they “would still need to raise money through the market to fund their expansion plans and refinance their obligations,” PSE president Hans Sicat told reporters before the New Year holidays.
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