 |
| GStocks PH enables Filipinos to easily invest in share issuances like IPOs and follow-on offerings (FOOs), including the recent preferred share sale of Cebu-based fuel firm Top Line Business Development Corp. via AB Capital Securities Inc |
Broadening access to investment opportunities for everyday
investors, GStocks PH continues to make it easier for Filipinos to invest in
share issuances like Initial Public Offerings (IPOs) and Follow-On Offerings
(FOOs) all within the GCash app. During the latest preferred share sale by fuel
distributor Top Line Business Development Corp. (PSE: TOP), Filipino investors
took up nearly ₱15M worth of shares on GStocks PH offered by broker AB Capital
Securities, Inc.
Engaged in commercial fuel trading, retail fuel distribution, and
real estate development, TOP is a Cebu-based energy and property development
firm operating primarily in Central Visayas. In its FOO last June 26, it
offered two preferred shares—TOPA1 and TOPA2—with fixed annual dividend rates
of 9.1325% and 9.5981%, respectively. Both securities offer quarterly dividend
payouts and were made available on GStocks PH with a minimum investment of
₱1,000.
Traditionally, FOO
subscriptions required investors to apply through a brokerage, purchase
non-guaranteed shares, and wait until after the offer period to know whether
their orders were successful. GStocks PH addresses these challenges by offering
a quick, digital signup on the platform and a simplified subscription
experience that takes just minutes. GStocks PH allows users to easily order
guaranteed shares during IPOs and FOOs while the broker’s allocation lasts; and
once the guaranteed allocation for GCash is fully subscribed, GStocks users can
just as easily subscribe to additional non-guaranteed shares, with confirmation
provided after the offer period.
The TOP FOO received
strong support from Filipinos, with nearly 150,000 shares subscribed across
both securities, more than 1000% oversubscribed compared to the broker’s
initial guaranteed allocation for GStocks PH. The strong demand reflects
growing investor interest in accessible investment opportunities made possible
through a simplified subscription experience.
“Enabling Filipinos to
make more informed decisions and giving them the tools they need to easily
invest means creating opportunities for them to grow their hard earned money
and build their long-term financial stability. Through GStocks PH, we continue
to simplify the investment journey so more users can safely and conveniently
participate in the Philippine stock market with just a few taps,” said Winsley
Bangit, Group Head of New Businesses at Mynt, the parent company of GCash.
GStocks PH allows
Filipinos to build their long-term financial health by seamlessly investing in
local stocks and participating in share sales, including IPOs and FOOs,
directly within the GCash app. Registering on GStocks PH takes just a few taps.
To begin stock investing, fully-verified GCash users just need to open the app,
go to the “Invest” tab and select “GStocks PH” to sign up and complete the
digital KYC.
By simplifying access to
investment opportunities, GCash continues to support more Filipinos in pursuing
their financial goals through convenient digital experiences.
For more
information, visit https://www.gcash.com.
0 Comments