Deloitte is cautiously optimistic about initial public offerings (IPO) at the Philippine Stock Exchange (PSE) in 2025, noting that more money had been raised this year despite a dearth of listings.

"The buzzword is cautious optimism," Deloitte Audit & Assurance Partner Darren Ng said in a briefing on regional prospects on Tuesday, adding that for the country, "I think there should be more IPOs happening in 2025 and [from] a mix of different industries."

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