Bilyonaryo reported Tuesday that SPNEC was hailed as the best initial public offering of 2021, with a 28 percent gain from its offer price of P1. It noted that SPNEC achieved such remarkable gain amid massive selling pressure, canceled orders, and other negative factors affecting the market. Full Details: Bilyonaryo

Out of the 10 initial public offerings (IPOs) made on the Philippine Stock Exchange (PSE) in 2021, Solar Philippines Nueva Ecija Corp. (SPNEC) emerged as the top performer of the year with as much as 38 percent increase from its offer price days after its market debut. PhilStar said that