The Philippine Stock Exchange (PSE) is looking at possibly at least five initial public offerings (IPOs) taking place by next year, according to a report by Philstar Biz.
Two IPOs are potentially underway this year, including what could be the country's biggest, courtesy of Mynt Inc., the parent firm of GCash. The PSE's optimistic outlook signals a rebound in the local capital market as investor confidence improves.
The exchange continues to work with regulators and underwriters to facilitate these listings, which are expected to attract both local and foreign investors. A successful IPO from Mynt Inc. would mark a milestone for the Philippine tech sector.