Total equity deals in the Philippine Stock Exchange amounted to P175 billion in 2013, about a fifth lower than that of the previous year due to external factors.
The level is expected to normalize back to the P200-billion level in 2014 as markets gradually get over the US Federal Reserve’s tapering of easy money, PSE president Hans Sicat said.
The PSE is expecting about 10 companies to go public this year, including those that will use the backdoor listing channel, Sicat said in a briefing.
In 2012, total equity deals in the stock market amounted to P219 billion.
But for 2013, Sicat said, the equity pipeline had been inactive for more than two months due to fears spawned by the US Fed’s tapering. The pipeline turned heavy once more in the last quarter.
“If we get to another P200 billion in 2014, that’s a great metric,” Sicat said.
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In 2013, PSE saw decline in equity deals
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