Converge IPO to aid economic rebound

Finance Secretary Carlos Dominguez 3rd said on Monday the planned telecommunications infrastructure expansion of fiber internet provider Converge ICT Solutions following its stock market debut will contribute to the country’s economic recovery and fast-track the country’s transition to the digital-based new economy.

Dominguez said during Converge’s initial public offering (IPO) listing at the Philippine Stock Exchange (PSE), said the company’s going public is a “strong vote of confidence in the economy’s capacity to bounce back strongly after the difficulties brought by the Covid-19 (coronavirus disease 2019) pandemic.”