The market for initial public offerings (IPOs) is expected to rebound next year with at least five companies planning to list on the Philippine Stock Exchange (PSE) as the subprime crisis subsides and economic greenshoots appear.
Ed Francisco, president of BDO Capital & Investment Corp. said the IPO market, which ground to a halt in 2008, is set for a revival next year as market conditions improve and volatility continues to normalize.
Among the companies that have signified their intention to go public are Northwind Power, ACM Landholdings, GA or Globe Asiatique Realty Holdings Corp., and Mang Inasal Philippines.
Recent Comments