By Revin Mikhael D. Ochave, Reporter
THE RECENTLY ANNOUNCED move of the Philippine Stock Exchange (PSE) to lower the minimum public ownership (MPO) for large initial public offerings (IPOs) may not be good for investor confidence as it creates an “uneven playing field,” stock market analysts said.
“It’s not good optics for the PSE, since they have been fairly active in penalizing companies that fall below public float requirements, and this might be viewed as the regulator bending the rules a little bit to accommodate big corporate interests,” AP Securities, Inc. Research Head Alfred Benjamin R. Garcia said in a Viber message.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
