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SEC lowers public float for some IPOs - BusinessWorld Online

Summary by bworldonline.com
By Revin Mikhael D. Ochave, Reporter THE SECURITIES and Exchange Commission (SEC) is allowing an initial public float of 15% for some companies seeking to go public, but subject to “strict” criteria. “After thorough discussions with the Philippine Stock Exchange (PSE), the SEC has allowed, by way of exemptive relief, an initial public float of 15%, subject to strict criteria,” the corporate regulator said in a statement on Thursday. However, the…
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SEC lowers public float for some IPOs - BusinessWorld Online

By Revin Mikhael D. Ochave, Reporter THE SECURITIES and Exchange Commission (SEC) is allowing an initial public float of 15% for some companies seeking to go public, but subject to “strict” criteria. “After thorough discussions with the Philippine Stock Exchange (PSE), the SEC has allowed, by way of exemptive relief, an initial public float of 15%, subject to strict criteria,” the corporate regulator said in a statement on Thursday. However, the…

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bworldonline.com broke the news in on Thursday, March 27, 2025.
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