Capital Raising at PSE Expected to Reach ₱120 Billion in 2025

The Philippine Stock Exchange Inc. (PSE) anticipates that fundraising activities in the equities market will exceed ₱120 billion in 2025, supported by the country’s positive macroeconomic outlook.

At a forum in Makati City on Thursday, PSE President and CEO Ramon Monzon revealed that capital raising through the local bourse has already reached ₱79 billion for the year ahead, with optimism for further growth.

Strong Projections for 2025

“We think we can do about ₱120 billion, probably,” Monzon stated, highlighting activities such as initial public offerings (IPOs), follow-on offerings, stock rights offerings, and private placements as contributors to the projected total.

The PSE remains optimistic about facilitating at least six IPOs in 2025.

IPO Trends

This year, only three companies—NexGen Energy Corp., OceanaGold Philippines Inc., and Citicore Renewable Energy Corp.—conducted IPOs. Cebu-based Top Line Business Development Corp. (TopLine) postponed its IPO from 2024 to the first quarter of 2025 to allow institutional investors additional time to secure approvals.

Positive Outlook Amid Rate Cuts

Experts anticipate a surge in IPOs in 2025, spurred by potential rate cuts that could attract more market activity. The PSE is counting on these favorable conditions to bolster its capital-raising efforts further.

Monzon’s confidence reflects the resilience of the Philippine capital market, positioning it as a key platform for businesses seeking to expand and investors looking for opportunities.