While the BSP rate cut is a good fi rst step, China Bank Capital Corp. managing director Juan Paolo Colet told The STAR that it is not expected to revive the IPO market for the rest of the year.
“It takes time for companies to plan and execute IPOs and some of them would like to see better trading multiples and volumes before pulling the trigger. I am optimistic that the IPO market will reopen in 2025,” he said.
Colet said the dovish shift in monetary policy, however, should bode well for the stock market as lower interest rates mean lower borrowing costs and improved equity valuations.
Rizal Commercial Banking Corp. chief economist Michael Ricafort said any pick up in future IPOs would largely depend on more favorable market conditions in terms of higher levels for the PSE index (PSEi).
Bu hikaye The Philippine Star dergisinin August 17, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin August 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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