Manila IPO slowdown pinned on regulators

A conference in Hong Kong looks at how practices in the Philippines could be improved to make it easier for companies to list on the local stock exchange.

Listing shares in the Philippines is an arduous task at the best of times and regulators should meet soon to discuss how best to streamline the process, a conference in Hong Kong was told on Tuesday.

Despite a positive backdrop the Philippines gained investment grade status in 2013 and its economy grew by 5.7% in 2014 new issuance has been slowing on the Manila stock exchange, delegates at FinanceAsia’s Philippines Capital Markets Forum heard. 

“The number of initial public offerings has been underwhelming considering the phenomenal growth we’ve had in the past few years,” James Grandolfo, a partner at Milbank, told the gathering...

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