The Philippine Stock Exchange (PSE) has issued new rules to entice more companies to go public, and in consideration of the extraordinary impact on businesses of the coronavirus pandemic, some requirements were relaxed for those that will brave the market this year and next year.
PSE president Ramon Monzon issued the new initial public offering (IPO) rules, as earlier approved by the Securities and Exchange Commission, in a memorandum dated March 24, effective immediately.
In approving applications filed in 2021 and 2022 for listing on the main and the small, medium and emerging board, the PSE, on a case-to-case basis, may consider the profitability of the applicants for any two fi…
Keep on reading: New PSE listing rules issued, some terms eased to lure more firms to go public