Mynt Rises in Record Philippine IPO
Shares of GCash operator Mynt rose in their market debut after raising 60.9 billion pesos in the largest initial public offering in Philippine history. The successful listing highlights strong investor demand despite broader tech sector caution.
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Fintech firm Mynt rose 1.7% in its market debut on Tuesday after raising 60.9 billion pesos ($966.99 million) in the largest-ever initial public offering in the Philippines. The debut outpaced previous local records amid a broader Asian selloff in technology shares. The listing demonstrates strong investor demand for digital financial services as the company expands access for unbanked households.
