Volatile market conditions that resulted in a delayed initial public offering (IPO) forced the Philippine Stock Exchange (PSE) to downgrade its capital raising goal for the year to as low as P170 billion.

PSE president and CEO Ramon Monzon last week told the Inquirer that they had to lower their target from the previous P185 billion following continued market uncertainties.
https://business.inquirer.net/549659/pse-lowers-capital-raising-target-after-ipo-delays