The Philippine Stock Exchange Inc. is expecting a windfall of capital raising activities immediately after the presidential elections, which would largely come from initial public offerings (IPOs) of companies belonging to various industries, such as real estate, services, industrial, and construction.
Hans Sicat, President and Chief Executive Officer of the PSE, said that despite raising just P13.44 billion as of May 6, the local bourse is confident that it will still meet its P200 billion target for 2016.
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