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SEC lowers public float for some IPOs

27 March 2025
in Business
Reading Time: 3 mins read
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SEC lowers public float for some IPOs
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By Revin Mikhael D. Ochave, Reporter

THE SECURITIES and Exchange Commission (SEC) is allowing an initial public float of 15% for some companies seeking to go public, but subject to “strict” criteria.

“After thorough discussions with the Philippine Stock Exchange (PSE), the SEC has allowed, by way of exemptive relief, an initial public float of 15%, subject to strict criteria,” the corporate regulator said in a statement on Thursday.

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