Tiered IPO rules may draw more tech stocks

A PROPOSAL seeking a tiered minimum public ownership framework could encourage more technology companies to pursue an initial public offering (IPO), analysts said.

- Beatriz Marie D. Cruz

“The Securitiesand Exchange Commission's (SEC) draft proposal fora tiered minimum public ownership framework marks a meaningful shift away from a one-size-fits-all IPO rule toward a more flexible, size-based approach that better reflects the realities of today’s capital market,” Toby Allan C. Arce, head of sales trading at Globalinks Securities and Stocks, Inc., said ina Viber message.