Approaching its 25th anniversary this year, the Philippine Stock Exchange (PSE) has long been criticised for its ‘strict’ rules and regulations in listing and trading. It is not surprising then that IPOs in the country remain scarce. In 2017, there were only four IPOs in the country, same as the previous year. PSE ended 2017 with 267 public companies, excluding delisted firm Calata Corp.
In a bid to change that, the bourse is now willing to embrace changes, including looking at initial coin offerings (ICO) as well as exclusive boards or governing bodies for technology companies and startups, PSE senior VP and chief operating officer (COO) Roel Refran told DEALSTREETASIA in an exclusive interaction.