The highly anticipated IPOs of Enrique Razon's Prime Infrastructure, SM Prime's real estate investment trust (REIT) and Ayala-backed e-wallet pioneer GCash have all been deferred and are unlikely to take place this year.
In a recent interview with ANC, Prime Infra president and CEO Guillaume Lucci said the company's planned IPO is probably unlikely in the medium-term.
Lucci said there is no new timeline, noting that there's not even certainty of an IPO.
"You know, there are many different ways to raise capital so we're evaluating all the available options. We live in a very uncertain world.
Look at what's happened to share prices with the Russia and Ukraine war and look at what's happening now in Iran, between Iran and Israel.
That, combined with a very unpredictable rate market, it's very difficult to decide what the best path forward is to raise capital," Lucci said.
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Gov’t readies 125 PPP projects worth Ps T
BAGUIO CITY - More than 100 projects amounting to over P3 trillion are in the pipeline for implementation through the public-private partnership (PPP) mode.
Analysts mixed on timing of BSP rate cut
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso.
Razon to expand Manila Water's reach
Ports and power tycoon Enrique Razon Jr. vowed to expand the operations of Manila Water Co. Inc., both locally and abroad, by capitalizing on the group's infrastructure expertise.
Onion prices may drop on bumper harvest
Onion prices are expected to remain stable or to even decline as the government forecasts another record harvest of bulbs in the second quarter, bringing nationwide supply to comfortable level.
BSP wants stricter policies vs erring bank personnel
The Bangko Sentral ng Pilipinas (BSP) is looking to require its supervised financial institutions to have a policy in determining the process and criteria on when to file legal cases against erring personnel, including dismissed directors, officers and employees.
Market seen moving with upward bias
The stock market could regain its momentum this week with investors searching for bargains and fresh leads.
Has ADB done enough to solve global problems?
Nearly six decades ago, about 100,000 civilians and military personnel perished as the Vietnam War escalated, the human spaceflight program Project Gemini was completed and the world witnessed the birth of the automated teller machine.
BOLTS WEATHER C-STAN STORM
For the second time in the PBA Season 48 Philippine Cup playoffs, a marquee player scored his career high against Meralco.
MAVERICKS RALLY TO DOWN THUNDER
DONCIC, WASHINGTON PROPEL DALLAS TO WEST FINALS
Israel's war minister vows to quit
If there’s no post-war plan for Gaza
