THE Philippine Stock Exchange Inc. (PSE) has launched a mobile application of its initial public offering (IPO) subscription platform for local small investors (LSIs) called PSE Electronic Allocation System (PSE Easy).
“We are pleased to provide investors a more accessible way to subscribe to IPOs. After a one-time registration on the PSE Easy website, LSIs can use the app to subscribe to shares whenever there is an IPO,” said PSE president Ramon Monzon.
PSE Easy was introduced by the PSE in June 2019 to increase participation in IPOs among LSIs and to expand the reach of the program. Previously, only investors based in Metro Manila had access to LSI kiosks. The shift to an online platform enabled investors from over 60 provinces and close to 20 countries to subscribe to the IPOs conducted between August and October this year.
“For now, the website and app are for subscription purposes of IPOs only. We hope to maximize this digital solution to incorporate a payment facility and to utilize the platform for other types of offerings,” Monzon added.
The PSE Easy mobile app may already be used for LSI subscriptions during the IPO of food and beverage kiosk operator Fruitas Holdings Inc., which starts on Monday, Nov. 18, 2019.
The PSE Easy app may be downloaded through Google Play for Android users. The mobile app for iOS users will soon be available in the Apple Store. (PR)