The Philippine Stock Exchange, Inc. index (PSEi) closed higher year-on-year for the first time since 2019, up by 78.75 points or 1.2 percent to 2024 at 6,528.79 points from its close of 6,450.04 in 2023. In a statement, the PSE said that, year-on-year, the PSE MidCap and PSE DivY indices...
Cebu-based fuel retailer Top Line Business Development Corp. (Topline) is launching its P3.16 billion initial public offering before the year ends to be the last maiden offering at the Philippine Stock Exchange for 2024. The PSE said it has approved the firm’s IPO tentatively slated for Nov. 27...
The Philippine Stock Exchange (PSE) is planning to launch two new product offerings in the next two years, the Global Philippine Depository Receipts (GPDRs) and derivatives such as index futures. PSE President Ramon S. Monzon said GPDRs are peso-denominated instruments that represent an economic...
The Philippine Stock Exchange (PSE) will hold this year’s edition of the Road to IPO on Oct. 22, 2024 for companies planning to raise capital through the equities market. In a statement, the PSE said the event will feature presentations and discussions on what going public entails. The PSE is...
The number of initial public offerings is expected to surge next year as the expected decline in interest rates increases the attractiveness of equities versus fixed-income securities. In an interview at the sidelines of the EJAP-AboitizPower Renewable Energy Forum, BDO Capital and Investment...
The Philippine Stock Exchange, Inc. (PSE) announced that it has entered into a Memorandum of Understanding (MOU) with Taiwan Stock Exchange (TWSE) that will formalize and strengthen the relationship between the two bourses. TWSE Chairman Sherman Lin and PSE President and CEO Ramon S. Monzon...
The Philippine Stock Exchange, Inc. (PSE) is looking forward to seven public stock offerings worth a total of P48.36 billion that will be launched in September and in the last quarter this year. “In terms of listing, our fund raising pipeline at this time includes five FOOs (follow-on...
The Philippine Stock Exchange announced that the mid-year edition of its PSE STAR: Investor Day will see the participation of 14 publicly listed companies (PLCs) in a live briefing scheduled from August 14 to 16, 2024. As in previous runs, the virtual event will showcase...
Investors of SM Prime Holdings Inc. (SMPH) who bought shares during its initial public offering (IPO) in 1994 and held on to them for the next 30 years have now seen their investments balloon by 972.6 percent. (from left): SMPH Executive Committee Chairman Hans T. Sy, SMPH Vice Chairperson...
The Philippine Stock Exchange (PSE) has warned Metro Global Holdings Corporation (MGH), a firm controlled by Robert John L. Sobrepeña, that its shares will be delisted in the first week of the ghost month if it fails to increase its public ownership. In a memorandum to stock market...
By James A. Loyola NexGen Energy Corporation, a renewable energy corporation with a portfolio of solar and wind service contracts, debuted on the upside at the Philippine Stock Exchange (PSE) with its share price rising 1.79 percent to P1.71 per share. The firm and its principal shareholders raised...
Jose T. Pardo and Ramon S. Monzon were re-elected as chairman and president, respectively, of the Philippine Stock Exchange, while Employers Confederation of the Philippines Chairman Edgardo G. Lacson returned to the bourse’s board of directors after a three-year hiatus. Photo (from left,...
