Philippines set to take rare, top spot for IPOs in South-East Asia


MANILA/SINGAPORE, Feb 20 (Reuters): A clutch of Philippine firms, including newly launched real estate investment trusts (REITs), could make the country Southeast 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 in 2021, more than the combined tally of the last seven years, according to Refinitiv data.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Typhoon Champi sweeps past Taiwan, leaving 1 dead, 500 injured
A rare and prized wild pepper is at risk in Madagascar's shrinking forest
Bangkok’s Vijit Chao Phraya festival to feature 31 nights of lights, drones and fireworks
Fires at Papua food estate worsen haze pollution, raise environmental concerns
Singapore to form expert panel to investigate firms linked to haze
Malaysia to station RM40m Japanese anti-drone technology in Sepanggar, Labuan
Nearly 13,000 late birth registration cases resolved in 2026, says Saifuddin
Two Malaysians injured as Typhoon Champi hits Taiwan, says Wisma Putra
Fishing tourism is on the rise in this historic port in south China
Magnitude 7.2 earthquake strikes waters near Vanuatu, USGS says

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read