Cirtek Holdings Philippines Corporation (PSE:TECH) continues to consider an initial public offering (IPO) for its unit Quintel USA, Inc. in US-based stock exchange Nasdaq, it said in a regulatory filing on July 21, 2021. The listed holdings firm issued the market update in relation to its clarification to the local stock exchange in 2017 that Cirtek was preparing its wholly owned subsidiary for a US listing. “The company would like to clarify that the management continues to contemplate the possibility of pursuing an IPO of Quintel in the US. However, this is still under consideration as the company is on the constant lookout to further grow Quintel’s business,” the listed holding firm told the local bourse in a disclosure on July 21, 2021. Cirtek said the planned stock market debut “remains to be an aspiration and part of its overall plan,” but clarified that there are no definite plans or a timetable for Quintel’s IPO. It said the pandemic affected the global business community, where growth momentum in the sector as well as every industry has slowed down. “The company aims to establish consecutive growth and to enter the US capital markets at a time that will be most favorable to a listing,” it said.