COMPANIES eyeing an initial public offering (IPO) this year are likely to wait for the second half of the year before proceeding amid uncertainties surrounding US protectionist policies and the upcoming Philippine midterm elections, an investment analyst said.
"I think many will come in in the second half [of the year]," said Jesus Mariano Ocampo, senior managing director at Investment & Capital Corp. of the Philippines (ICCP), adding that in the first half, "everybody... [will still be] trying to understand the Trump presidency; you [also have] the May elections coming up."
