PSE rolls out online IPO subscriptionhome/Business/Top Business/PSE rolls out online IPO subscriptionTo boost participation of local small investors (LSI) to initial public offering (IPO) shares, the Philippine Stock Exchange (PSE) has rolled out its online IPO subscription program. PSE President and Chief Executive Officer Ramon Monzon said in a statement on Monday the program is in response to LSIs low take-up in IPO shares that never reached 2 percent. Monzon cited previous manual process where an LSI has to go to designated IPO kiosks in select Metro Manila malls to subscribe. In September last year, the bourse also revised rules for LSIs, which among others, increased maximum IPO subscription from small investors to P100,000 from P25,000. Last year, the PSE announced it was launching new programs and products to increase public participation in the stock market.

Source: Manila Times June 03, 2019 16:20 UTC