Xurpas Inc. debuts on PSE, up nearly 50%

Shares of newly listed tech firm Xurpas Inc. were frozen after its stock price rose by 49.87 percent during its debut on the Philippine Stock Exchange Tuesday.

 

Xurpas Inc. surged by P5.95 per share or 49.87 percent higher from an IPO price of P3.97 apiece.

 

Shares of Xurpas were given a freeze trading order right after the opening.

 

"Maraming buyers kaninang umaga," she said.

 

The freeze order came after the price per share of increased by 50 percent, the highest allowable increase for a single trading day, Calma said, citing PSE rules. – VS, GMA News