GCash, PLDT VITRO IPOs could revive investor interest in the Philippine stock market

Deloitte says the planned listings could encourage more companies to go public as regulators ease IPO rules to attract new issuers.

Two of the country’s biggest companies could help breathe new life into the Philippine stock market as their much-awaited public listings are expected to draw both local and foreign investors back to the exchange.

Deloitte Philippines said the planned IPOs of Mynt Inc., the parent company of GCash, and PLDT VITRO could encourage more companies to go public after the Philippine Stock Exchange went through the first half of 2026 without a single IPO.

That dry spell came even as the rest of Southeast Asia recorded 47 IPOs that raised more than $3.07 billion, highlighting how far the local market has fallen behind its regional peers.

Stephen Sieh, strategy, risk & transactions leader at Deloitte Philippines, said the two listings could help restore investor confidence and encourage a more active pipeline of IPOs in the coming months.

A stronger IPO market gives companies another way to raise funds for expansion, while also opening more investment opportunities for Filipinos looking beyond traditional savings and deposits.

The outlook may also improve as regulators move to make listing rules more flexible. The PSE is pushing a tiered public float framework, while the SEC has released the latest draft of complementary rules that would lower minimum public ownership requirements for some of the country’s largest companies while keeping investor protection measures in place.

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