Mynt Inc., the operator of the dominant mobile wallet GCash, is planning to raise as much as ₱87 billion ($1.5 billion) in an initial public offering (IPO) that would mark the largest corporate debut in the country’s history. The financial technology firm plans to offer up to 9.23 billion...
The planned $1 billion initial public offering (IPO) by GCash parent Mynt Inc. is poised to inject much-needed liquidity into the Philippine stock market by drawing back international fund managers. “Over the long term, if Mynt performs well in the stock market and becomes part of the index...
With Mynt-GCash racing to become the first Philippine financial technology (fintech) initial public offering (IPO) to raise $1 billion and sister company Vitro Inc. also seeking approval for a ₱24-billion real estate investment trust (REIT) stock market debut, market experts are weighing whether...
Local equities face renewed downward pressure as resurfacing geopolitical friction in the Middle East and prospects of further domestic monetary tightening threaten to derail a recent market rally. Investor sentiment is turning bearish following the postponement of peace negotiations between the...
This week, stock market investors will continue to take cues from developments in the Middle East, particularly whether the temporary ceasefire will hold and if there will be progress in United States (US)-Iran negotiations. “Investors are expected to monitor developments among the countries...
The Securities and Exchange Commission (SEC) has issued the final version of its tiered minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move expected to entice major corporations such as GCash and Maya to list their shares locally rather than seek overseas bourses....
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are moving to revitalize the domestic capital market by introducing rules for Global Philippine Depository Receipts, which would allow local investors to trade foreign stocks in the local currency. SEC Chairman...
Local stock market may face selling pressure this week as investors lock in gains following a three-week rally, while shifting their focus to upcoming data on foreign investment and remittances for further direction. The Philippine Stock Exchange index (PSEi) has shown a bullish bias recently,...
Despite an upbeat start in January, capital market observers agree that 2025 was a disappointing year for the Philippine Stock Exchange (PSE) as the local bourse underperformed significantly while its regional peers rallied. The PSE index closed the final trading day of 2025 at 6,052.92 points,...
Stock market investors will focus on a data-heavy week, with trading cues centered on the release of inflation and economic growth figures and the highly anticipated listing of Maynilad Water Services Inc. shares following its massive initial public offering (IPO). However, Philstocks Financial...
The research heads of local stock brokers Abacus Securities Corporation and COL Financial have slashed their year-end forecasts for the Philippine Stock Exchange’s benchmark index because foreign investors (hot money and direct investments) continue to stay away, while corporate earnings growth...
Cautious trading is expected to prevail at the Philippine stock market this week as investors await developments following the July 9 deadline for United States trade negotiations. “We may see cautious sentiment as global trade uncertainties may take center stage again. This is as the US’ trade...
