It is only by fully disclosing the sale of IPO shares would the public investors learn about company insiders who had bought shares before they decided to take their business public. In addition, the Filipino public investors would also find out the identities of the sellers and buyers of the listed shares even among foreigners. Treasury sharesWhen a company buys back its own shares, it treats them as treasury shares under stockholders’ equity. Public investors are aware of the resale of treasury shares by insiders either to the public investors or to the unnamed strategic partners of the majority stockholders. Should there be a rule then against selling back to the public investors the shares reacquired by listed companies?

Source: Manila Times March 14, 2017 16:52 UTC