Investor appetite for upcoming initial public offerings (IPOs) is seen by some analysts to be weaker than before amid uncertainties, including those that come with the transition to a new administration. READ:
“Demand might not be as strong for IPOs given the weak performance of the market and the recent IPOs. Investors might prefer to just buy stocks that are already listed given that many are already trading at very cheap valuations,” COL Financial Group First Vice-President April Lynn C. Lee-Tan said in a Viber message.
Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said that the sentiment on these IPOs would be taken on a per-company or case-to-case basis, based on fundamentals and future industry prospects. President-elect Ferdinand R. Marcos, Jr. has chosen Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno to be his Finance secretary, with Monetary Board member Felipe M. Medalla taking over as central bank head. Alfredo E. Pascual, former president of the University of the Philippines, was tapped as Trade secretary.
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