The Philippine Stock Exchange Inc. on Wednesday signed a memorandum of understanding with Aboitiz-led Union Bank of the Philippines to undertake capital-market related development projects.
The pact covers awareness initiatives specific to listing at the Exchange such as providing seminars and consultations on doing initial public offerings to corporates and small and medium enterprises under Union Bank.
“UnionBank is an ideal partner in our program to drum up interest in IPO listing given the pool of companies under its wing. A good number of these corporates are potential candidates for PSE LEAP and some of the names are likely ripe for an IPO,” PSE president and CEO Ramon S. Monzon said.
Under the agreement, Union Bank will also help introduce companies that may be potential PSE LEAP, or listing engagement and assistance program, participants to the bourse.
The PSE will also conduct investing in the stock market learning sessions for the companies.
The PSE LEAP is a marketing program offered to potential listing applicants for free. It provides handholding guidance to clients via one-on-one advisory sessions, access to online pre-listing assessment tools, and assistance in connecting potential clients to seasoned IPO advisors.
Early this month, PSE LEAP companies that were IPO-ready attended the maiden masterclass with capital market regulators and a publicly listed company.
The bourse also holds regular corporate connect meetings in partnership with select financial advisors and business organizations to raise awareness and establish interest in fund raising through the stock market.
