'Democratizing' listing: PSE to slash minimum preferred shares offer size to P100M

MANILA, Philippines — The Philippine Stock Exchange (PSE) is proposing to significantly ease listing rules for preferred shares offerings, aiming to draw more small and medium enterprises (SMEs) into the capital market. In a consultation paper, the PSE said it plans to slash the minimum public offering size for preferred shares offerings to P100 million from P1 billion, a tenfold reduction meant to “democratize access” to the market. The exchange said the move would align the requirement with small-cap initial public offering (IPO) thresholds and provide an alternative to crowdfunding, which SMEs often tap for funding. Alongside this, the PSE is […]... Keep on reading: 'Democratizing' listing: PSE to slash minimum preferred shares offer size to P100M

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