THE local bourse operator’s target of 14 initial public offerings (IPO) this year is possible as further economic reopening offers greater confidence in business expansions, analysts said.
THE local bourse operator’s target of 14 initial public offerings this year is possible as further economic reopening offers greater confidence in business expansions, analysts said.Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
He said improving market conditions encourages more companies and conglomerates to raise funding through the stock market. “I think it is possible. We are through the pandemic, global monetary policy shifted, and outlook and market sentiments for 2023 are better,” Mr. Vistan said in a Viber message. The stock market operator said it is expecting to raise P160 billion from capital raising activities, which will be started by the stock rights offering of Union Bank of the Philippines.
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