The Securities and Exchange Commission (SEC) has approved a proposal by the Philippine Stock Exchange (PSE) to exempt giant initial public offerings (IPOs), such as the upcoming IPO of GCash owner Mynt, from the 20-percent minimum public float requirement. “We have been able to get approval from...
Japan’s Mitsubishi UFJ Financial Group (MUFG) has finalized a $400 million investment in the parent company of GCash, the Philippines’ leading e-wallet, raising its valuation to $5 billion. In a disclosure to the Philippine Stock Exchange (PSE), Globe Telecom said that Globe Fintech Innovations...
The country’s investment houses are considering an agreement to carve out among themselves equally the huge $1 billion to $1.5 billion initial public offering (IPO) of Globe Fintech Innovations, Inc. (Mynt), which owns top e-wallet GCash. This is according to Investment House Association of the...
Mitsubishi Corporation’s acquisition of an indirect 6.8 percent stake in Globe Fintech Innovations, Inc. (Mynt) is seen to boost investor interest in the planned initial public offering of the GCash owner and its shareholders. Stock analysts said strategic investment by Mitsubishi will also open...
The Zobel family’s Ayala Corporation is selling to long-time partner Mitsubishi Corporation a 6.5 percent stake in GCash owner Globe Fintech Innovations, Inc. (Mynt) for a minimum of P18.4 billion. In a disclosure to the Philippine Stock Exchange, Ayala said it has agreed to effectively sell half...
Zobel-led Ayala Corporation disclosed that it is paying P22.4 billion for the acquisition of an additional eight percent of Globe Fintech Innovations, Inc. (Mynt), the operator of the GCash platform, from existing shareholders. In a disclosure to the Philippine Stock Exchange providing final...
Mitsubishi UFJ Financial Group (MUFG) and Ayala Corporation are acquiring fresh stakes in Globe Fintech Innovations, Inc. (Mynt), in a deal that more than doubled the valuation of the parent company of GCash to $5 billion (P286.4 billion) from $2 billion in 2021. In disclosures to the Philippine...
The much-awaited giant initial public offerings (IPOs) of SM Prime Holdings’ real estate investment trust and Prime Infrastructure Inc. of billionaire Enrique K. Razon Jr. may not happen this year. In an online briefing, Abacus Securities Corporation Research Head Raymond Neil "Nicky" Franco...
Globe Telecom is consolidating its payments-related businesses by selling Electronic Commerce Payments Inc. (ECPay) to subsidiary Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, in a transaction worth P2.31 billion. In a disclosure to the Philippine Stock Exchange (PSE), Globe...
logo Telemedicine provider KonsultaMD expects to follow the footsteps of its unicorn sister company, Mynt, in the coming years. KonsultaMD is a portfolio company of 917Ventures, an affiliate of Globe Telecom Inc. Less than two years into the pandemic, medical consultations through the KonsultaMD...
cab2a1016f2094af6a7f76ac8d84da58_XL-1 The Philippines’ only unicorn, digital financial solutions provider Mynt, the company behind GCash payment services app, has raised over $300 million in funding and is now valued at over $2 billion. Global investment giant Warburg Pincus, New York-based...
Mynt logo Mynt, holding firm of Globe Telecom Inc.'s fintech arm that manages the e-wallet GCash, is the lone Philippine startup which made it to Credit Suisse’s Southeast Asia 35 Unicorns list. The list featured technology companies valued at over US$1 billion or with at least US$800 million in...
