The Philippine Stock Exchange (PSE) projects it will raise more than ₱200 billion in funds this year, marking a 41 percent increase from 2025, with the planned initial public offering (IPO) of GCash parent firm Mynt Inc. as the biggest contributor.
PSE president and CEO Ramon S. Monzon noted that based on applications received so far, total fundraising could reach around ₱204 billion. Mynt’s offering is estimated at ₱92.3 billion, followed by PLDT Inc.’s Vitro REIT at roughly ₱24.2 billion. A first-of-its-kind listing is also pending: an unlisted firm plans to issue ₱9 billion worth of preferred shares via private placement, the first such transaction on the local bourse.
As of the first half of the year, the PSE has already raised ₱39.4 billion from two private placements and follow-on share offerings.
Looking ahead to 2027, Monzon confirmed plans for the maiden listing of the merged tollway business of San Miguel Corp. and Metro Pacific Tollways Corp., which is expected to be another major offering. Four small and medium enterprises under the PSE’s Listing Engagement and Assistance Program (LEAP) are also preparing for IPOs next year.
Monzon added that e-wallet operator Maya is set to pursue a local listing after plans to list overseas stalled. He highlighted that Mynt’s IPO will be the first true technology firm listing on the PSE, which has long been dominated by conglomerates and banks, and Maya’s entry could build momentum for more tech companies to list locally.
