Philippines - PSE Increases to 20% the minimum public ownership requirement for initial and backdoor listings

The Philippine Stock Exchange (PSE) has issued Memorandum Circular 2020-00761 on August 3, 2020 and this sets out the Guidelines on Minimum Public Ownership Requirement for Initial and Backdoor Listings (2020 MPO Guidelines). The Guidelines provide a modified minimum public offer size requirement for initial listings depending on the company’s market capitalization and require a company applying for listing by way of introduction and backdoor listing to have at least 20% public float upon and after listing.

You can read the rest of the bulletin here

Read More News