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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