GCash Owner Mynt Wins Nod for $1.47B IPO
Mynt, the owner of Philippine fintech app GCash, has received exchange approval for an initial public offering raising up to $1.47 billion. The share sale is expected to launch in the fourth quarter and could become the largest in the country.
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Globe Telecom said Philippines financial app GCash parent Mynt secured bourse approval for an IPO aiming to raise up to $1.47 billion during the fourth quarter. The listing could become the country's largest public debut, topping a prior record set five years ago. Mynt plans to offer a 12% stake to investors following the regulatory clearance.
