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BDO Capital and Investments Corp. is in talks with 10 companies for possible initial public offerings next year.
Francisco said with an improving macroeconomic environment, many companies were reviving their IPO plans. These planned IPOs could take place next year when interest rates are expected to drop further, he said. “If interest rates go down by 1.5 percent from current levels, then equities will become very interesting,” Francisco said.
Only four firms have been listed on the local bourse since the start of the year, including OceanaGold Philippines Inc., renewable firm Citicore Renewable Energy Corp., and NexGen Energy Corp. Jenniffer B. Austria
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