Capital raising at PSE may hit P120 B in 2025

The Philippine Stock Exchange Inc. (PSE) expects capital-raising activities to grow by 50 percent next year, with the number of companies going public seen doubling.

- By RICHMOND MERCURIO

"Next year, we can get P120 billion probably – a 50-percent increase. That's capital raising. That includes follow-on offering, stock rights offering and private placement," PSE president and CEO Ramon Monzon said.

Monzon said the PSE has recorded P79 billion in capital raising so far this year.

He said the amount is likely what the PSE will end 2024 with.

Last year, total capital raised from primary and secondary shares amounted to P140.95 billion, up by 28 percent from the P110.29 billion raised in 2022.