The Philippine Stock Exchange (PSE) expects total capital raised on the bourse to surpass ₱200 billion this year, driven by the wave of large-scale corporate offerings led by fintech giant Mynt, the parent company of mobile wallet GCash. Ramon S. Monzon, PSE president and chief executive officer,...
Underwriters managing the planned ₱92.3 billion initial public offering (IPO) of Mynt Inc., the operator of the mobile wallet GCash, are in discussions with regulators to reduce or eliminate a mandatory 20 percent share allocation for local trading participants. The push to modify the rule comes...
Leading e-wallet GCash will sell up to 13.8 percent of its outstanding stock on the Philippine Stock Exchange (PSE) to raise as much as ₱92.3 billion, in what could potentially be the country’s largest public listing ever. GCash parent company Mynt Inc. announced that it filed an application to...
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...
The long-awaited initial public offering (IPO) of the company behind the popular e-wallet GCash—expected to be the country’s largest-ever listing by raising more than $1 billion—is finally underway as the company formally takes its first step toward going public. Mynt Inc., backed by Globe...
Planned initial public offering (IPO) of Mynt, the digital fintech heavyweight backed by Ayala Corp. and Alibaba affiliate Ant Group, will likely look past its initial July target as the company awaits a regulatory overhaul from local bourse officials. While the operator of the ubiquitous GCash...
GCash, a Philippines ' finance super app and with a large cashless ecosystem, delivered a pointed message at the 2026 National Innovation Day: artificial intelligence must be built on accountability, or it risks making financial exclusion worse, not better. Speaking before policymakers, tech...
The Bangko Sentral ng Pilipinas (BSP) order for e-wallets to sever links with online gaming applications has weighed on the earnings of both gaming companies and the e-wallet platforms themselves. Unicapital Securities Inc. Research Analyst Peter Louise D. Garnace said the unlinking of online...
The Securities and Exchange Commission (SEC) is poised to ease the minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move that could clear a major hurdle for the long-anticipated market debut of Globe Fintech Innovations Inc. (Mynt), the operator of e-wallet GCash....
Ayala Corp., the country’s oldest conglomerate, reported a sharp increase in profits for the first nine months of the year, driven by one-time gain tied to the revaluation of its stake in Gcash owner Mynt. In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, the holding company...
The Securities and Exchange Commission (SEC) has approved a stock split for Globe Fintech Innovations Inc. (Mynt), the owner of GCash, a move intended to lower the per-share price and make the stock more affordable for its long-anticipated initial public offering (IPO). In a disclosure to the...
