Philippines Stock Exchange

The aim is to attract retail investors away from online gambling and cryptocurrency trading

The country’s biggest mobile wallet has 90 million registered users

It is reportedly aiming to raise over US$1 billion with its listing

The profitable rivals backed by Globe Telecom and PLDT are taking different routes to market

Negative stockholders’ equity position triggers filing with the Philippine Stock Exchange

The undervalued benchmark index could rebound from a five-year low to hit 7,100 this year, says analyst

Companies will be required to keep certain minimum public float levels after listing

The buying has helped lift the nation’s benchmark index this week, set to close about 7% higher

The country has only listed a fraction of the companies than its regional peers