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.

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