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Marian Hukom/Rappler; Globe website
Analysts believe that the stock market debut of GCash's parent firm Mynt could be the largest initial public offering on the Philippine Stock Exchange
MANILA, Philippines – Fintech giant GCash is now one step closer to going public after its board of directors approved the potential filing of an initial public offering (IPO) with the Philippine Stock Exchange (PSE), Ayala Corporation and Globe Telecom disclosed to investors on Wednesday, June 17.
The board and shareholders of GCash’s parent firm Mynt approved the filing of a registration statement with the Securities and Exchange Commission and an IPO application with the local bourse.
