Public float rule changes to boost competitiveness
The SEC's proposed easing of public float rules for IPOs aims to enhance the Philippines' competitiveness in attracting listings. This tiered structure is expected to facilitate the IPO of major firms like GCash, which has been delayed due to valuation concerns.
- SEC proposes tiered public float rules to attract IPOs.
- Changes aim to boost competitiveness against regional markets.
- Potential IPO of GCash could proceed under new regulations.