PSE plans IPO forum for BoI-registered firms
THE Philippine Stock Exchange (PSE) will a conduct forum to discuss the process of conducting an initial public offering (IPO) to encourage companies registered with the Board of Investments (BoI) to tap the capital markets.
In an e-mailed statement on Wednesday, PSE President and Chief Executive Officer Ramon S. Monzon said the Omnibus Investments Code of 1987 provides that when feasible and considered desirable, the BoI may require its registered companies “to list their shares of stock or directly offer a portion of their capital stock to the public and/or their employees.”
“Our objective for organizing this forum is to create awareness among these companies on the benefits and advantages of raising capital and listing in the Exchange,” Mr. Monzon said.
The Powering Future Market Leaders forum is scheduled on Friday, Dec. 10, and is done in partnership with the Department of Trade and Industry (DTI) through the BoI.
BoI Governor Marjorie O. Ramos-Samaniego and PSE’s Mr. Monzon will be delivering speeches at the virtual event.
Meanwhile, panelists for the discussion will include D&L Industries, Inc. President and CEO Alvin D. Lao and Cebu Landmasters, Inc. Director and Chief Finance Officer Beauregard Grant L. Cheng. The two executives will share their IPO journey.
BDO Capital & Investment Corp. President Eduardo V. Francisco will be moderating the round table discussion.
“We will also present, explain, and hopefully, demystify the requirements and procedures in the listing process,” Mr. Monzon said.
PSE Chief Operating Officer Roel A. Refran and DTI-BoI Executive Director for Investment Assistance Service Bobby G. Fondevilla will be at the forum for a question-and-answer segment. — Keren Concepcion G. Valmonte
