Capital raising at PSE seen to hit P120B in 2025

Fundraising efforts conducted through the equities market are expected to hit over P100 billion next year as the Philippine Stock Exchange Inc. (PSE) banks on the country’s macroeconomic prospects.

At the sidelines of a forum in Makati City on Thursday, PSE president and CEO Ramon Monzon said that capital raising through the local bourse has so far reached P79 billion next year.

“Next year, I think we can do about P120 [billion], probably…,” Monzon said.

The amount, the PSE chief said, includes initial public offerings (IPO), follow-on offerings, stock rights offerings, and private placements.

For IPOs, Monzon said the local bourse is still optimistic to facilitate at least six public market debuts next year.

For this year, only three companies went public, namely NexGen Energy Corp., OceanaGold Philippines Inc. and Citicore Renewable Energy Corp.

Cebu-based Top Line Business Development Corp. (TopLine) originally planned its IPO this year, but pushed it back within the first quarter of 2025, citing the need for more time for potential institutional investors to secure internal approvals.—RF, GMA Integrated News