PSE:GLO

2 stories mentioning PSE:GLOUpdated 1d ago

Every FINWIRES story that references PSE:GLO, newest first.

GCash Parent Mynt Prepares for Potential IPO

Mynt, the fintech company behind GCash, said its board and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission and a listing application with the Philippine Stock Exchange for a potential initial public offering.The proposed IPO will cover up to 12% of Mynt's total outstanding capital stock post-listing, comprising both primary and secondary shares, with each common share carrying a par value of 0.03 Philippine pesos, according to a Wednesday press release.Backed by shareholders including Globe Telecom (PSE:GLO), Ayala Corporation (PSE:AC) and Ant Group, Mynt said the planned listing remains subject to regulatory approvals, market conditions, and other customary requirements.

PSE:ACPSE:GLO

Asia35d ago

Market Chatter: Mynt Eyes About $1 Billion Via IPO

Mynt, the operator of GCash, is weighing a domestic IPO that could value the firm at over $8 billion, with plans to raise about $1 billion, Reuters reported Thursday, citing people familiar with the matter.The listing could be filed as early as July and slated for later this year, depending on market stability and local regulatory approvals, sources told the news agency.Backed by shareholders including Globe Telecom (PSE:GLO), Ayala (PSE:AC) and Ant Group, Mynt was last valued at $5 billion after a 2024 investment round involving Ayala and Mitsubishi UFJ Financial Group (TYO:8306). Its GCash platform has around 94 million users in the Philippines and provides payments, transfers, savings, lending and insurance services, Reuters said.(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.)

^PSEIPSE:ACPSE:GLOTYO:8306

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