The Philippine Stock Exchange (PSE) is expected to miss its target of six initial public offerings (IPOs) this year, having completed only three so far: OceanaGold (Philippines) Inc., Citicore Renewable Energy Corp., and NexGen Energy Corp. The Securities and Exchange Commission has approved a PHP2.87bn IPO for Top Line Business Development Corp., set for November, but analysts doubt any major listings will occur before the end of 2024. Market experts anticipate better conditions in 2025, citing a bullish stock market and potential easing by the central bank. Sectors poised for IPOs next year include gaming, renewable energy, infrastructure, consumer goods, and real estate investment trusts (REITs), as investor sentiment improves amid economic optimism.