“This highlights a key benefit of being publicly traded: the ability to tap public markets for future capital.”

The Philippine Stock Exchange hosted a ceremonial bell ringing for Top Line Business Development Corp. (TOP) on Monday, June 29, 2026, to mark the listing of its Series A-1 and Series A-2 preferred shares.

Both securities were listed on the Philippine Stock Exchange (PSE) on Friday, June 26, 2026 under the ticker symbols TOPA1 and TOPA2, respectively.

Shortest time frame in PSE history

In his welcome message during the event, PSE President and CEO Ramon S. Monzon cited that this follow-on offering (FOO) stood out because of the timing between the company’s initial public offering (IPO) and FOO and the dividend rates for the preferred shares.

“This FOO comes just 14 months after Top Line’s stock market debut, marking the shortest timeframe in PSE history for a newly listed company to conduct a post-IPO FOO. This highlights a key benefit of being publicly traded: the ability to tap public markets for future capital,” he said.

“The Series A preferred shares offer one of the most competitive dividend rates in the FOO space, with yields reaching up to 9.6 percent. In fact, it is the highest rate we have seen for FOO preferred shares since 1994, making it a great option for investors looking for substantial yield on their investments.”

Total IPO return

Monzon likewise commended the company on the total return of the IPO to investors to date.

“Taking into account its cash dividends, including the one that will be paid this week, and its price appreciation since listing date, investors who invested in Top Line’s IPO and remain shareholders to date would have realized a 393 percent return,” he said.