The Philippine Stock Exchange (PSE) expects a significant rebound in capital-raising activity in 2025, with an estimated target of P120 billion,
The Philippine Stock Exchange expects a significant rebound in capital-raising activity in 2025, with an estimated target of P120 billion, representing a 51-percent increase from the P79 billion expected to be raised this year.
“Next year, I think we can do about P120 billion. This year, we only have three initial public offerings , and these are small ones. But we also had big preferred and follow-on offerings,” Monzon said. Monzon noted that despite the slow IPO market this year, the exchange saw large offerings in the preferred shares and follow-on categories, which contributed to the overall capital-raising activity.
The PSE also saw some delays, with Top Line Business Development Corp., a Cebu-based fuel retailer, postponing its planned P3.2-billion IPO due to volatile market conditions. The company now aims to launch its IPO in the first quarter of 2025.
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