Securities and Exchange Commission issues new tiered IPO public float rules

SINGAPORE — The Philippines‘ Securities and Exchange Commission has introduced new tiered public float requirements to make initial public offerings more flexible and better suited to market conditions, according to a circular dated Tuesday. Companies valued at up to 500 million pesos ($8.7 million) must float at least 33%, falling to 25% for firms up to 1 billion […] The post Securities and Exchange Commission issues new tiered IPO public float rules appeared first on Interaksyon.