2-1-2024 (MANILA) The Philippines anticipates six companies will hold initial public offerings (IPOs) in 2024, boosting capital markets as improved economic conditions create a friendlier environment for new listings.
Philippine Stock Exchange President Ramon Monzon said Tuesday easing inflation, lower interest rates and solid market fundamentals could drive total capital fundraising to 175 billion pesos ($3.16 billion) this year. IPOs are forecast to hit 40 billion pesos of that figure.
