The Philippine Stock Exchange (PSE) has approved the initial public offering (IPO) of residential developer Haus Talk Inc. (HTI), which will serve as the stock market's first IPO next year.

"Haus Talk is one of the companies in PSE's handholding program for potential IPO listing applicants. We are pleased to see that their IPO journey will soon come into fruition," PSE President and Chief Executive Officer Ramon Monzon said in a statement over the weekend.

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