The Department of Information and Communications Technology (DICT) has called on the country’s leading technology firms, such as mobile wallet giant GCash and ride-hailing company Grab Philippines, to consider going public to breathe new life into the local bourse.
DICT Secretary Henry Aguda said encouraging companies to consider initial public offerings (IPOs) would be his main advocacy within the next two years as part of the government’s broader effort to “revive” the local stock market.
The Philippine Stock Exchange (PSE) is widely expected to miss its capital-raising target o
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