The Philippines staged a strong comeback in equity capital markets in 2025, powered by the blockbuster initial public offering of Maynilad Water Services, Inc., which ranked as the third-largest IPO in Southeast Asia, according to Deloitte’s Southeast Asia IPO Capital Market Report 2025.
Maynilad Water Services Inc.’s market debut came with a splash and a safety net. UBS AG Singapore Branch, acting as the stabilization agent for the utility’s initial public offering, snapped up a hefty 144.3 million Maynilad shares during the stabilization window after the stock slipped below its P15 IPO price.
Ayala Corp., the diversified investment holding company of the Ayala Group, said that the Securities and Exchange Commission (SEC) has approved the amendment of...
As the Philippine initial public offering (IPO) market continues to feel the drag of global headwinds in 2024 and 2025, investor sentiment remains cautious and companies are in no rush to go public. Yet while the pipeline may be quiet, it is far from empty — especially in sectors like infrastructure, healthcare, energy, consumer goods, and tech-enabled services, where growth potential still sparks investor interest.
Globe Fintech Innovations Inc., the operator of mobile payments platform GCash, has announced that its board has approved a stock split—widely seen as a potential prelude to a future initial public offering (IPO).
The economy recorded a 2.3 percent expansion in the second quarter this year, according to data released by the Philippine Statistics Authority (PSA). The performance fell short of market expectations, slowing from the 2.8 percent growth recorded in the first quarter of the year. Excluding the severe disruptions caused by the COVID-19 pandemic, this represents the softest quarterly growth since the fourth quarter of 2009.
Canada-based insurance firm Sun Life Financial Inc. declared an unchanged quarterly dividend of CAD0.96 per common share, payable on Sept. 29 to shareholders of record as of Aug. 26.
DMCI Holdings Inc. posted stronger second-quarter earnings as record contributions from its nickel mining business and resilient results from its power, real estate and construction units more than offset a weaker contribution from Maynilad Water Services following the utility's initial public offering.
President Ferdinand R. Marcos Jr. has declared the Aboitiz Group's Biz Hub at Lima Estate in Lipa City, Batangas as a special economic zone, paving the way for the mixed-use development to attract more information technology and business process management (IT-BPM) investments outside Metro Manila.