{"id":35486,"date":"2014-12-15T00:04:14","date_gmt":"2014-12-14T16:04:14","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=35486"},"modified":"2014-12-15T00:04:14","modified_gmt":"2014-12-14T16:04:14","slug":"pse-eyes-10-ipos-in-2015-bullish-about-hitting-php200-b-fundraising-target","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/12\/15\/pse-eyes-10-ipos-in-2015-bullish-about-hitting-php200-b-fundraising-target\/","title":{"rendered":"PSE eyes 10 IPOs in 2015; bullish about hitting Php200-B fundraising target"},"content":{"rendered":"<figure id=\"attachment_34704\" aria-describedby=\"caption-attachment-34704\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-34704\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange.jpg\" alt=\"Philippine Stock Exchange\" width=\"610\" height=\"428\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange.jpg 610w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/12\/Philippine-Stock-Exchange-300x210.jpg 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/a><figcaption id=\"caption-attachment-34704\" class=\"wp-caption-text\">Philippine Stock Exchange<\/figcaption><\/figure>\n<p>MANILA &#8212; Ten companies are expected to debut in the local equities market next year, encouraged by the country\u2019s strong macroeconomic fundamentals even amid potential global headwinds.<\/p>\n<p>\u201cWe are estimating 10 in total IPOs (initial public offerings),\u201d Philippine Stock Exchange (PSE) President Hans Sicat told reporters.<\/p>\n<p>Sicat hoped that more branded consumer and manufacturing-related companies would list their shares on the local bourse next year.<\/p>\n<p>He said IPOs will be driven by companies\u2019 increased expansion plans and relatively low interest rates that are expected to also bring down valuations on the exchange.<\/p>\n<p>\u201cThe background will be relatively low interest rates and high consumption level. With that, it should augur well for at least a solid 2015 following this good 2014. We are also cautiously optimistic despite the potential headwinds from around the globe (and) that the Philippines will be able to remain flexible,\u201d he added.<\/p>\n<p>Apart from IPOs, Sicat said the Php200-billion PSE target for capital fundraising next year will be boosted by more follow-on offerings and backdoor listings.<\/p>\n<p>\u201cI think it will be the same story like this year and last year. You have a base level of IPOs and maybe a few backdoors. But follow-on offerings probably will continue to be the bulk (of the fund),\u201d he noted.<\/p>\n<p>Sicat said there is also a lot of need for companies to raise capital as they embark on their expansion plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; Ten companies are expected to debut in the local equities market next year, encouraged by the country\u2019s strong &hellip;<\/p>\n","protected":false},"author":44,"featured_media":34704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,95,43],"tags":[],"class_list":["post-35486","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ph","category-stock-markets","mauthors-leslie-d-venzon","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/35486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=35486"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/35486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/34704"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=35486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=35486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=35486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}