MANILA -- When Converge ICT Solutions debuts on the Philippine Stock Exchange next week, its initial public offering to raise up to 29 billion pesos ($600 million) will be a welcome exception for one of Asia's most underperforming stock markets.
The offer size -- the biggest in the country in years -- is rare and its fiber internet service business, which boomed amid the pandemic, is a breath of fresh air in a bourse dominated by old economy companies.