Business & Finance
GCash Owner Gets Approval for Up to $1.5 Billion Philippines IPO
Key Points
GCash Owner Gets Approval for Up to $1.5 Billion Philippines IPO The company behind GCash, the biggest mobile wallet app in the Philippines, received approval from the country’s stock exchange operator of an initial public offering of as much as 92.3 billion pesos ($1.47 billion), clearing the final regulatory hurdle for a record debut. Mynt Inc. has received the Philippine Stock Exchange’s notice of approval for its listing application, shareholder Globe Telecom Inc. said in a disclosure,...
GCash Owner Gets Approval for Up to $1.5 Billion Philippines IPO
The company behind GCash, the biggest mobile wallet app in the Philippines, received approval from the country’s stock exchange operator of an initial public offering of as much as 92.3 billion pesos ($1.47 billion), clearing the final regulatory hurdle for a record debut.
Mynt Inc. has received the Philippine Stock Exchange’s notice of approval for its listing application, shareholder Globe Telecom Inc. said in a disclosure, adding that it will disclose further details at the appropriate time.