Understand IPOs.
Explore opportunities.
Know how to participate.
New to Initial Public Offerings (IPOs) or exploring an upcoming offering?
Learn how IPOs work, what to review before you invest, and how to subscribe through COL Financial.
Explore IPOs on the Philippine Stock Exchange
Upcoming and recent IPOs
See upcoming and recently listed companies, including key information such as offer prices, offer periods, and listing dates at edge.pse.com.ph.
Important: Prices, offer periods, allocations, and listing dates are set by each issuer's approved prospectus and official offering announcements, and are subject to change and regulatory approval. This is not an offer to sell or a solicitation of an offer to buy any securities.
Log in to your account and visit the Research section for available research on listed companies and market insights.
Already a COL client?
How IPO works
What’s an IPO?
An Initial Public Offering or IPO is when a private company offers shares to the public for the first time and becomes listed on a stock exchange, such as the Philippine Stock Exchange. This is commonly referred to as “going public.”
During the offer period, eligible investors may apply to buy shares at the IPO offer price. Once the company is listed, its shares can be bought and sold on the stock market through a broker like COL Financial.
Why do companies go public?
✔ Raise capital for growth
An IPO can help a company raise funds to expand its business, develop new products, enter new markets, strengthen its balance sheet, or pursue other strategic plans.
✔ Broaden ownership and provide liquidity
Going public allows new investors to become shareholders and may also give existing shareholders an opportunity to sell part of their holdings.
✔ Access the public capital markets
Becoming a listed company can broaden a company's access to investors and create additional opportunities to raise capital in the future.
Why consider IPOs
What an IPO can offer investors
IPOs give investors an opportunity to invest in a company as it enters the public market.
Like any investment, however, the potential opportunity comes with risk.
Access a newly listed company
An IPO gives public investors an opportunity to become shareholders as a company begins trading on the stock exchange.
Participate in potential future growth
If the company performs well over time, shareholders may benefit from an increase in share value and, where applicable, future dividends.
Trade your shares after listing
Once the company is listed, its shares can generally be bought or sold through the stock market, subject to market conditions and available liquidity.
Keep in mind: An IPO price is not a guarantee of future value. Share prices may rise or fall after listing, and investors may lose part, or all of their investment.Before you invest
4 things to review before subscribing to an IPO
IPOs can attract a lot of attention, but interest alone should not drive your decision. Before you subscribe, take time to review the company, the offer, and the market conditions.
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Check how the company plans to use the funds raised, such as for expansion, research, debt repayment, or other business needs.
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Consider whether the offer price is supported by the company’s financial performance, growth prospects, and overall fundamentals.
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Check the company’s prospectus to see exactly where the raised capital will go. Prioritize businesses allocating funds toward growth and debt repayment over those primarily letting existing owners cash out.
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Broader market conditions, investor sentiment, and company-specific risks can affect demand for an IPO and how the stock performs after listing. Consider the market environment alongside the company’s fundamentals and offer terms
Get expert insights before you invest
Explore COL research and analysis to help you assess an IPO.
Watch the video for a closer look at these four factors before investing in an IPO.
Learn how to subscribe to an IPO through COL
During an IPO's offer period, eligible investors may submit a subscription through COL Financial or via PSE EASy.
Via your COL account
Log in to COL and click the IPO banner on your dashboard.
Via PSE EASy
Set up your PSE EASy profile and nominate COL Financial as your broker.
Important: IPO subscriptions may exceed the number of shares available. Submitting a subscription does not guarantee that you will receive all—or any—of the shares requested.
Frequently Asked Questions
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The minimum investment amount depends on the IPO offer price and the minimum number of shares required for subscription.
Check the IPO details for the specific offering size, price, and subscription requirements before investing.
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To invest in IPO shares, you need an account with an accredited stockbroker.
With a COL account, you can participate in eligible IPO offerings through COL and also invest in listed stocks, REITs, and available local and global funds.
Don't have an account yet? Open a COL account.
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For eligible IPO offerings, you may have the option to subscribe through both COL Financial and PSE EASy.
Each subscription is subject to the offering terms, available allocation, and applicable limits. Submitting through multiple channels may increase your chances of receiving shares, but it does not guarantee an allocation.
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After the IPO subscription period ends, shares will be allocated based on the available shares and total demand from investors.
You will receive confirmation of your allocation, and any shares awarded to you will appear in your COL account portfolio once processed.
If you subscribe using your COL account cash balance, you will only be charged for the shares allocated to you. Any unused amount will remain available in your account.
For subscriptions made through PSE EASy, excess payments will be processed according to the applicable refund process for the offering.
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On the listing date, the company’s shares begin trading on the PSE.
The market price may be higher or lower than the IPO offer price depending on supply and demand.
Shares allocated through your COL account will appear in your portfolio, where you can monitor them and decide whether to hold, buy more, or sell based on your investment goals.
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Yes, once the shares are listed on the PSE, you may sell them like other listed stocks, subject to market conditions and applicable trading rules.
Before making any investment decision, consider your investment goals and the company’s performance.
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That can happen. Once trading begins, the share price is determined by the market and may move up or down.
Like other stock investments, IPOs come with risks, and there is no guarantee that the share price will increase. Before investing, review the company’s business, financial condition, valuation, use of proceeds, risks, and prospectus.
Still have a question about IPOs?
Send us your question and a COL representative will get back to you.
Ready for the next IPO?
IPO offer periods are limited.
Get ready ahead of time—open or fund your COL account so you can review the offer and decide whether to participate when it opens.
IPOs carry risk, including possible loss of your investment. Review the prospectus before deciding.Already a COL client?
New to COL?
IMPORTANT DISCLAIMERS
Disclaimer: This is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy. Indicative information is subject to change depending on market conditions and other relevant circumstances. Please review the official IPO documents.
Securities are subject to investment risks, including the possible loss of the principal amount invested.
For any questions and concerns, you may send us a message at helpdesk@colfinancial.com.