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Market Chatter: Mynt Eyes PHP92.3 Billion in Record Philippine Listing

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Mynt, the fintech company behind Philippine mobile wallet GCash, is aiming to raise as much as 92.3 billion Philippine pesos in a planned stock market debut that could become the country's largest IPO, The Business Times reported Friday, citing a person familiar with the matter.

The company plans to offer up to 9.23 billion shares, including an over-allotment option, at a maximum price of 10 pesos each, the person said. If completed at that level, the sale would represent roughly 13.8% of Mynt's issued share capital.

An announcement could be made as early as Friday, the source reportedly told the news outlet.

Neither Mynt nor GCash immediately responded to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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