Finance / Philippines
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Lean Times For New Offerings
May 2008 | IPO AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The announcement on May 6 by Philippine Long Distance Telephone Co. PLDT) that it has postponed the planned listing of its outsourcing unit SPi Global Solutions underscores the negative outlook for the Philippine stock market, and suggests that new share offerings will be thin on the ground in 2008.