Philippine Stock Exchange Expects to Double IPOs in 2024
- Capital raised via the bourse seen hitting 175 billion pesos
- Manila’s main stock index may reach a range of 6,800 to 8,300
The Philippine Stock Exchange in Taguig, the Philippines in 2022.
Photographer: Veejay Villafranca/BloombergThis article is for subscribers only.
The Philippine Stock Exchange expects the number of initial public offerings to double in 2024, after a sluggish year that saw more delistings than debuts.
The bourse sees six companies going public this year starting with Citicore Renewable Energy Corp., President Ramon Monzon said in a statement. The exchange recorded three IPOs last year — far below its target of 14 — while four companies voluntarily delisted.