Philippine Bourse Sees Up to $2.4 Billion Fundraising in 2025
- Stock market may see six IPOs next year, PSE president says
- Nation’s stock index is among worst performers in the world
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The Philippine Stock Exchange expects fundraising activities to grow next year with more companies looking to go public, as the bourse pins hopes on another interest rate cut to perk up the market.
“We probably will hit less than 80 billion pesos of capital raising this year. Next year, easily, we could do 120 to 140 billion pesos ($2.4 billion),” President and Chief Executive Officer Ramon Monzon said on the sidelines of a conference in Kuala Lumpur on Thursday.