By Alexandria Grace C. Magno, Reporter
THE PHILIPPINE stock market’s pipeline of initial public offerings (IPOs) is gaining traction after a slow start to the year, with three companies set to test whether fresh listings can draw capital into a market struggling with weak sentiment and limited liquidity.
Analysts said successful offerings could encourage more companies to tap the stock market, but weak post-listing performance could reinforce investor caution.
“The return of IPO activity is constructive for sentiment because it brings new investment opportunities, improves market depth and can draw attention back to a market that has struggled with limited liquidity and relatively few new listings,” Toby Allan C. Arce, head of sales trading at Globalinks Securities and Stocks, Inc., said in a Viber message.
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