The Philippine Stock Exchange, Inc. (PSE) staged The Road to IPO 2024 forum on Tuesday, October 22, 2024 to help PSE LEAP clients and other potential listing applicants better understand the process and prospects of becoming a publicly listed company. The Road to IPO 2024 was co-presented by the Securities and Exchange Commission (SEC) and…

Ayala Corporation (AC) officially listed its Class B Series 3 preferred shares through a bell ringing ceremony held at the Philippine Stock Exchange (PSE) on Tuesday, October 15, 2024. AC raised Php 15 billion from the sale of firm offer shares and over-subscription option shares during its follow-on offering (FOO).The said shares were listed under the stock…

The Philippine Stock Exchange, Inc. (PSE) participated in the Ring the Bell for Financial Literacy campaign of the World Federation of Exchanges (WFE) through a closing bell ceremony on Wednesday, October 9, 2024. Over sixty WFE member organizations took part in the Ring the Bell for Financial Literacy 2024, in support of World Investor Week…

The Philippine Stock Exchange, Inc. (PSE) will stage this year’s edition of the Road to IPO on Tuesday, October 22, 2024, from 9:00 a.m. to 2:00 p.m. The forum, which has been designed for companies planning to raise capital through the equities market, will feature presentations and discussions on what going public entails. “PSE’s maiden…

Vista Land and Lifescapes, Inc. (VLL) concluded its maiden public follow-on offering (FOO) with the listing of its Series 2A (VLL2A) and Series 2B (VLL2B) preferred shares on the Philippine Stock Exchange (PSE). The VLL2A and VLL2B shares have an initial dividend rate of 7.9892 percent and 8.4000 percent per annum, respectively. The property firm…

The Philippine Stock Exchange, Inc. (PSE) requested equities market stakeholders to review and give their comments on the proposed rules prepared by the Exchange for Global Philippine Depositary Receipts (GPDR). GPDRs are peso-denominated instruments representing economic interest in an underlying security listed on an overseas stock exchange, where the holder does not possess voting rights…

Petron Corporation (PCOR) raised Php 16.83 billion from the follow-on offering (FOO) of its Series 4D and 4E preferred shares. The said shares were listed on the Philippine Stock Exchange (PSE) under the stock symbols, PRF4D and PRF4E, respectively. The Series 4D and 4E preferred shares were taken from the second tranche of PCOR’s Series…

The Philippine Stock Exchange, Inc. (PSE) and Taiwan Stock Exchange (TWSE) entered into a Memorandum of Understanding (MOU) that will formalize and strengthen the relationship between the two bourses. PSE President and CEO Ramon S. Monzon and TWSE Chairman Sherman Lin led the MOU signing ceremony on August 20, 2024, at TWSE Headquarters in Taipei,…

The Philippine Stock Exchange, Inc. (PSE) staged a three-day STAR (Strengthening Access and Reach): Investor Day 1H2024online event featuring 13 publicly listed companies (PLCs) that apprised equity analysts, fund managers, and institutional and retail investors on mid-year earnings and corporate developments. PSE STAR: Investor Day was co-presented by Bloomberg L.P., with the Fund Managers Association of…

The Philippine Stock Exchange, Inc. (PSE) reported a net income of Php 398.02 million in the first six months of 2024, down by 4.7 percent year-on-year from Php 417.51 million. The company’s operating revenues were lower by 2.3 percent to Php 722.75 million. Decline in operating revenues was attributed to the 10.7 percent dip in average trading…

The Philippine Stock Exchange, Inc.’s (PSE) regular index review covering the July 2023 to June 2024 trading period showed the 30 companies comprising the PSE index (PSEi) will stay as is. The current PSEi members remain to be among the top stocks in terms of market capitalization, liquidity, and free float level. “The index review…

The mid-year edition of PSE STAR: Investor Day will see the participation of 14 publicly listed companies in a live briefing scheduled from August 14 to 16, 2024. As in previous runs, the virtual event will showcase executives and investor relations officers of PLCs who will discuss their financial performance during the first six months…

The Philippine Stock Exchange, Inc. (PSE) marked the 30th listing anniversary of SM Prime Holdings, Inc. (SMPH) with a bell ringing ceremony on Tuesday, July 23, 2024. SMPH had its stock market debut on July 5, 1994 after raising close to Php 6 billion from the sale of primary and secondary shares during its initial public…

Penang, Malaysia, 16 July 2024 – Bursa Malaysia Berhad (“Bursa Malaysia”) hosted the 37th ASEAN Exchanges CEOs Meeting on 12 July 2024, bringing together CEOs from the six major exchanges in ASEAN to discuss initiatives aimed at making the region more competitive, particularly by focusing on the sustainability ecosystem and regional market connectivity. The meeting…

Nexgen Energy Corp. (XG) had its stock market debut on the Small, Medium, and Emerging (SME) Board of The Philippine Stock Exchange, Inc. (PSE) on July 16, 2024. XG raised Php 504 million from its initial public offering (IPO) of primary common shares. Proceeds from the share sale will be used by the company for…

Shareholders of The Philippine Stock Exchange, Inc. (PSE) re-elected 14 Board of Directors at the company’s Annual Stockholders’ Meeting held on Saturday, July 6, 2024. Completing the 15-member Board is former PSE Director Edgardo G. Lacson, who was elected as Non-Broker Director representing Other Market Participants. He served in the PSE Board from May 2011…

The Philippine Stock Exchange, Inc. (PSE) and China Banking Corporation (CBC) held a special bell ringing ceremony to mark the first time that Chinabank will be traded under the stock symbol, CBC, effective Wednesday, June 19. “I believe this is an auspicious time for Chinabank to do this rebranding exercise given its rosy prospects, after…

Citicore Renewable Energy Corporation (CREC) marked its stock market debut on the Philippine Stock Exchange (PSE) with the listing of 1.78 billion primary and 178.57 million overallotment shares on the main board of the Exchange. CREC raised Php 5.30 billion from its IPO, which will be mainly used for the development of solar energy power…

The annual Stock Market Investor Profile report of The Philippine Stock Exchange, Inc. (PSE) showed a total of 1,906,019 stock market accounts as of end-2023, higher by 11.3 percent or 193,285 accounts from 1,712,734 accounts in 2022. The growth was mainly due to new accounts opened through the GStocksPH platform, which also pushed the share…

The Philippine Stock Exchange, Inc. (PSE) hosted the first quarter run of PSE STAR: Investor Day on May 15 and 16, 2024. The virtual event showcased live briefings of 12 publicly listed companies (PLCs) while another 15 PLCs joined through pre-recorded briefings. This edition of PSE STAR also published the maiden PSE Spotlight report for…

The Philippine Stock Exchange, Inc. (PSE) posted a 19.3 percent increase in its net income in the first quarter of 2024 to Php 242.38 million from Php 203.16 million in the same 2023 period. The higher earnings result was mainly due to the 207.0 percent improvement in other income to Php 120.17 million, on account…

The Philippine Stock Exchange, Inc. (PSE) welcomed its first initial public offering (IPO) of the year with the listing of OceanaGold (Philippines), Inc. (OGP). The mining firm sold 456 million secondary shares worth Php 6.08 billion. OGP’s Didipio mine is the first mining project awarded a Financial or Technical Assistance Agreement (FTAA) by the Philippine…

The Philippine Stock Exchange, Inc. (PSE) is opening the 2024 edition of PSE STAR Investor Day with the first quarter briefing of 11 publicly listed companies slated on May 15 and 16. The PLCs will tackle their financial performance for the first three months of the year as well as their strategic initiatives and growth…

The Philippine Stock Exchange, Inc. (PSE) celebrated the 25th listing anniversary of Alliance Global Group, Inc. (AGI) through a bell ringing ceremony. AGI had its stock market debut on April 19, 1999 after selling 88 million shares at Php 1.27 apiece in its initial public offering. AGI is involved in property development, food and beverage manufacturing…

Cebu Landmasters, Inc. (CLI) had its first equity capital raising after its 2017 maiden offering. The property firm raised Php 4.28 billion from the sale of Series A-1 and Series A-2 preferred shares. The shares were listed on the Philippine Stock Exchange (PSE) under the ticker symbol CLIA1 and CLIA2.  “This offering was 1.43 times…

The Philippine Stock Exchange, Inc. (PSE) hosted a bell ringing ceremony for DoubleDragon Corporation (DD) in line with its tenth listing anniversary. DD had its stock market debut on April 7, 2014. Its share price closed at its ceiling price of Php 3.00 on its listing day. In his message, PSE President and CEO Ramon…

The Philippine Stock Exchange, Inc. (PSE) has added new features on its PSE Electronic Allocation System (PSE EASy) website, a platform that enables Local Small Investors (LSIs) to participate in initial public offerings (IPOs) and follow-on offerings (FOOs). PSE EASy now has an integrated electronic payment system that enables LSIs to pay for subscribed shares…

The Philippine Stock Exchange, Inc. (PSE) joined 121 member-organizations of the World Federation of Exchanges (WFE) in raising awareness on the importance of gender equality and women empowerment through the Ring the Bell for Gender Equality program. In his message, PSE COO Atty. Roel A. Refran cited results of the December 2023 Asia Regional Report…

Melbourne, Australia, 7 March 2024 – The ASEAN Exchanges, led by Bursa Malaysia and its broker partner, Macquarie Capital, today hosted the Invest ASEAN Conference 2024 in Melbourne, Australia, to promote ASEAN capital markets as a compelling investment destination. Entitled ‘Gateway to ASEAN Investment: Empowering Opportunities for Sustainable Growth’, the event provided institutional investors based…