‘Raise IPO allocations to small investors’ – PSE

The Philippine Stock Exchange (PSE) is lobbying to increase the limit on initial public offering (IPO) share allocations to local small investors (LSIs) as part of moves to encourage higher retail investment in the capital markets.

In a circular posted on its website, the PSE calls for comments and suggestions from concerned and interested parties regarding its proposed amendment to Article III, part F, Section 3 of the consolidated listing and disclosure rules, specifically seeking to raise allocations to LSIs to P100,000 worth of IPO shares from the current P25,000.