SM PRIME Holdings Inc. commemorated its silver listing anniversary with a special bell ringing ceremony at the Philippine Stock Exchange (PSE) headquarters on Friday, July 5, 2019.
“SM Prime Holdings has had a stellar performance in the stock market since its debut on this day in 1994. Three months after its listing, the company already became a constituent of the main index and has consistently been part of the PSE index since then. And as you may know, SM Prime holds the record as the first domestic company to reach a market capitalization of P1 trillion. This feat was accomplished on June 9, 2017. And just two months ago, the company posted its highest market cap at P1.20 trillion. This is definitely a long way from the P35 billion market cap it registered on its first trading day,” said PSE chairman Jose Pardo in his welcome remarks during the event.
“The growth in the company’s value is a reflection of SM Prime’s expansion in the last two decades,” he added. (PR)