The Philippines economy slumped by a record 9.5 per cent last year. - Reuters
MANILA (Reuters): A clutch of Philippine firms, including newly launched real estate investment trusts (Reits), could make the country South-east Asia's biggest IPO market this year, driven by attractive valuations and a recovering economy.
Investors and bankers say consumer retailers and Reits are lining up record fundraisings that could top US$4 billion (S$5.3 billion) in 2021, more than the combined tally of the last seven years, according to Refinitiv data.
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