PSE sees relaxed rules enticing startups to go public
Apr 6, 2021 6:55 PM PHT
The Philippine Stock Exchange (PSE) is banking on relaxed rules to entice high-growth and startup companies to go public amid the coronavirus pandemic.
The local bourse operator recently amended its listing rules, relaxing profitability and operating history requirements, as well as including a temporary relief clause in applications due to the pandemic.
The new rules also feature a sponsor model for companies intending to list on the small, medium, and emerging (SME) board.
Under the sponsor model, a company will be evaluated in the first instance by a listing sponsor accredited by the PSE.