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FINWIRES

GCash Parent Mynt Secures Regulatory Clearance for Philippine IPO

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Singtel's (SGX:Z74) associate, Globe Telecom (PSE:GLO), said its affiliate and GCash parent, Mynt, received a pre-effective response from the Philippine Securities and Exchange Commission, which has favorably considered its proposed initial public offering, according to a Monday filing with the Singapore Exchange.

The IPO comprises up to 8.03 billion common shares with an overallotment option of up to 1.20 billion secondary common shares.

The offering remains subject to conditions set out in the letter and other listing requirements.

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