No wrong time to do an IPO, says PSE chief

There is no wrong time to do an initial public offering (IPO) if you will ask Philippine Stock Exchange president and CEO Ramon Monzon.

- RICHMOND MERCURIO

“I’m often asked these days if companies with IPO plans are correct in waiting for, as they say, better market conditions. My answer has consistently been if your company has a good story and potential and it needs capital to pursue its development or expansion plans, that is the appropriate time or correct time to list your company,” Monzon said during the listing ceremony yesterday of NexGen Energy Corp., the country’s third IPO this year.

“The more companies that defer their IPO plans because of what they call poor market conditions, the more these poor market conditions become a self-fulfilling prophecy,” he said.