Manila bourse set for IPO spree

PSE bellThe Philippine Stock Exchange expects 7 to 10 initial public offerings this year, its president Hans Sicat  said at a press conference at the sidelines of the Euromoney Philippines Investment Forum 2013 on March 12 in Manila.

Among the planned listings are Philippine Business Bank, Asia United Bank, investment holding LT Group, the local producer of American soft drink RC Cola, as well as  several companies engaged in mining, real estate and retail.

Sicat said capital to be raised from the IPOs and other share deals in the exchange could reach $5 billion for the year 2013.

The expected IPO spree will surpass last years listing activity by far. In 2012, five companies conducted their IPOs, raising  $600 million from the market.

Sicat said there is still “much room for growth in the stock market”.

“We hope other players and various retirement funds will lend a portion of their stock for market activity,” he added.

Trade volume at the Philippine Stock Exchange grew 33 per cent in 2012, making it the fastest growing bourse in Asia.

 



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The Philippine Stock Exchange expects 7 to 10 initial public offerings this year, its president Hans Sicat  said at a press conference at the sidelines of the Euromoney Philippines Investment Forum 2013 on March 12 in Manila. Among the planned listings are Philippine Business Bank, Asia United Bank, investment holding LT Group, the local producer of American soft drink RC Cola, as well as  several companies engaged in mining, real estate and retail. Sicat said capital to be raised from the IPOs and other share deals in the exchange could reach $5 billion for the year 2013. The expected IPO spree...

PSE bellThe Philippine Stock Exchange expects 7 to 10 initial public offerings this year, its president Hans Sicat  said at a press conference at the sidelines of the Euromoney Philippines Investment Forum 2013 on March 12 in Manila.

Among the planned listings are Philippine Business Bank, Asia United Bank, investment holding LT Group, the local producer of American soft drink RC Cola, as well as  several companies engaged in mining, real estate and retail.

Sicat said capital to be raised from the IPOs and other share deals in the exchange could reach $5 billion for the year 2013.

The expected IPO spree will surpass last years listing activity by far. In 2012, five companies conducted their IPOs, raising  $600 million from the market.

Sicat said there is still “much room for growth in the stock market”.

“We hope other players and various retirement funds will lend a portion of their stock for market activity,” he added.

Trade volume at the Philippine Stock Exchange grew 33 per cent in 2012, making it the fastest growing bourse in Asia.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

1 COMMENT

  1. It is evident that the Philippine Stock Exchange has begun to grow in the past year due to its increase in investments. The Philippines is becoming a global player and having a larger role in the ASEAN region and market.

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