GCash, the Philippines’ No. 1 payments and financial technology platform, is approaching “push-button mode” for its planned initial public offering (IPO), but a key executive of Globe Telecom cautioned that risks from a global tariff war could affect its timing.
Cebu-based Top Line Business Development made its trading debut on Tuesday, raising P733 million in the first initial public offering (IPO) of 2025 after an oversubscribed offer.
Maynilad’s IPO prospectus doesn’t just outline financial risks, it goes into great detail about political stability and governance, signaling potential headwinds for investors in the country’s largest public offering to date.
Former Philippine Stock Exchange president Francis Lim backed the bourse’s move to relax public float rules for certain initial public offerings (IPOs), saying this was a pragmatic way to “incentivize IPOs”.
Japanese-backed broadband services firm InfiniVan Inc. is considering a P2-billion to P3-billion initial public offering (IPO), potentially becoming the first internet company to list since Converge ICT Solutions’ P29-billion IPO during the pandemic.
Manuel V. Pangilinan-backed SP New Energy Corp. saw its shares soar as much as 10.4 percent after the group revealed plans for a backdoor listing of its other renewable energy assets under Manila Electric Co. (Meralco).
Investors are shifting to debt financing, private placements, and infrastructure-driven funding, keeping the Philippines’ capital markets active, as initial public offerings (IPOs) take a backseat, said Eduardo Francisco, president of BDO Capital & Investment Corp.
Low valuations at the Philippine Stock Exchange (PSE) present a rare opportunity for investors, offering long-term potential despite looming risks from ongoing geopolitical tensions and uncertainties over a second Trump presidency, PSE president Ramon Monzon said.