PSE expects robust capital raising in 2026
A robust capital raising pipeline is on the horizon for the Philippine Stock Exchange, with its full year 2026 target expected to be exceeded by about 20 percent.
The Philippine Stock Exchange (PSE) anticipates surpassing its 2026 capital raising target by approximately 20 percent, with a projected total of P203.13 billion. This estimate is based on applications received thus far, which indicate a potential raise of P133.7 billion from forthcoming listings before the year's end. Combined with the P69.4 billion raised during the first half of the year, the projected capital raising now stands at P203.13 billion, exceeding the initial goal of P170 billion.
The pipeline includes the planned IPOs of Vitro REIT worth P24.19 billion and Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, valued at P92.31 billion. Other contributors include follow-on offerings by Arthaland Corp. (P3 billion), private placements by SteelAsia (P9 billion) and EEI Corp. (P4 billion), and a stock rights offering by LFM Properties Corp. (P1.2 billion).
The introduction of PNB Holdings Corp. is expected to add P56 billion to the PSE's total market capitalization. PSE President and CEO Ramon Monzon emphasized that companies will continue to require capital and will persist in raising it through the equities market, despite market volatility. He also highlighted the exchange's commitment to maintaining its leading position in the market by ensuring up-to-date technology and facilitating easier listings for companies, introducing new products, and attracting more retail investors to deepen the capital market.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
