PSE's Nasdaq-Style Tech Board Launch: Boosting Philippine Tech IPOs Amid Market Realities

The Philippine Stock Exchange (PSE) is advancing plans for a Nasdaq-inspired technology board to cater to high-growth startups.

This emerging tech board targets innovative firms like Grab, Angkas, and Kumu that do not yet meet stringent main board listing criteria.

Deepening Ties with Nasdaq

In May 2025, PSE upgraded to Nasdaq Eqlipse Trading, enhancing market liquidity and resilience through advanced infrastructure.

This partnership builds on years of collaboration, positioning PSE to handle tech listings more efficiently.

The Capital Markets Efficiency Promotion Act (RA 12214), effective July 2025, supports eased regulations to promote listings.

Facing Market Challenges

Current PSE rules demand at least ₱500 million in stockholders' equity, deterring early-stage tech companies.

The new board will define flexible rules for public float, market cap, and other requirements to attract 15 interested firms.

Aimed for launch in the first half of 2026, it seeks to keep Philippine tech talent and capital at home.

By modernizing the bourse, PSE aims to draw more investors and foster a vibrant tech ecosystem.

Success could transform the Philippines into a regional hub for tech IPOs, despite liquidity and size hurdles.

Government backing underscores commitment to aligning capital markets with digital economy growth.