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Tag: minimum public ownership

SEC adopts tiered public float rules for IPOs to boost liquidity

The Securities and Exchange Commission (SEC) has adopted a tiered minimum public ownership framework for companies planning to list on the local exchange, replacing...

SEC wants to cut minimum IPO public float for large firms to 12%

The Securities and Exchange Commission (SEC) plans to reduce the minimum initial public ownership (public float) requirement for larger companies seeking to go public...

Metro Global avoids delisting, hikes public float before deadline

Metro Global Holdings Corp. (MGH), a listed company led by businessman Robert John Sobrepena, narrowly evaded delisting from the local bourse after raising its...

SMC, Pure Foods set to boost public float

Conglomerate San Miguel Corp. and food manufacturing unit San Miguel Pure Foods Inc. are ready to comply with the planned 20-percent minimum public ownership...
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