Philippine stock exchange expects IPO volume to double this year after weak 2023

Philippine stock exchange expects IPO volume to double this year after weak 2023

FILE PHOTO: A trader walks past the electronic board of the Philippine Stock Exchange in Makati city, Metro Manila, Philippines June 27, 2016. REUTERS/Romeo Ranoco

The Philippine Stock Exchange (PSE) is forecasting that initial public offerings will double this year after a weak 2023, but analysts caution that rate cuts could be key to hitting that ambitious target.

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