Entrepreneurs are being urged to go public, with the stock exchange continuing an information drive that is part of an overall effort to develop the domestic capital market
The Philippine Stock Exchange (PSE) and state-owned Development Bank of the Philippines (DBP) recently held a listing forum for small and medium enterprises (SME) under a partnership that was initiated last year.
“We are pleased with the number of entrepreneurs who attended the event. We hope that those in attendance will consider listing in our Small, Medium, and Emerging Board in the near future now that they have a better understanding of what it takes to be a listed company” PSE President and Chief Executive Officer Hans B. Sicat said.
Dubbed “Beyond Capital Raising, A Step Toward Global Competitiveness,” the forum was attended by over 100 SMEs, and was held at DBP’s Bulwagan ng Diwang Pilipino.
It introduced SMEs to equities investment, intial public offerings and the attendant requirements and processes, experiences of listed companies with their IPO as well as SME development.
Aside from the PSE and the DBP, the Securities and Exchange Commission also helped host the event.
“We thank DBP for partnering with us in our information drive to let SMEs know that they can tap the equities market to raise funds for their businesses. We look forward to more continuing programs for the SME segment to help boost interest in our capital market,” Sicat said.