GCash Parent Mynt Lines Up IPO Investors

Mynt has secured over twenty cornerstone investors for its upcoming initial public offering in the Philippines. The share sale could raise up to eighty billion pesos, marking the largest offering on record for the country. Trading on the local exchange is scheduled to begin in October.

Xurve View
Insights:
FILE PHOTO: Traders work on the trading floor of the Philippine Stock Exchange, in Taguig City, Metro Manila, Philippines, September 30, 2020.

Mynt, the operator of the GCash mobile wallet, has lined up over 20 cornerstone investors to raise up to 80.3 billion pesos ($1.3 billion) in its upcoming IPO in the Philippines.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.