How GStocks PH Is Making Stock Market Investing Accessible to Every Filipino
Broadening access to investment opportunities for everyday investors, GStocks PH continues to make it easier for Filipinos to invest in share issuances like Initial Public Offerings (IPOs) and Follow-On Offerings (FOOs) all within the GCash app. During the latest preferred share sale by fuel distributor Top Line Business Development Corp. (PSE: TOP), Filipino investors took up nearly ₱15M worth of shares on GStocks PH offered by broker AB Capital Securities, Inc. Engaged in commercial fuel trading, retail fuel distribution, and real estate development, TOP is a Cebu-based energy and property development firm operating primarily in Central Visayas. In its FOO last June 26, it offered two preferred shares—TOPA1 and TOPA2—with fixed annual dividend rates of 9.1325% and 9.5981%, respectively. Both securities offer quarterly dividend payouts and were made available on GStocks PH with a minimum investment of ₱1,000. Traditionally, FOO subscriptions required investors to apply through a...