MANILA, Philippines – GCash operator Mynt Inc. is preparing what could become the largest initial public offering (IPO) in Philippine history, with plans to raise as much as P92.3 billion in a landmark listing that could reinvigorate interest in the local stock market.
According to a Bloomberg report, Mynt plans to sell up to 9.23 billion shares, including an over-allotment option, at as much as P10 apiece.
READ: GCash IPO seen reshaping PSEi rules
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The transaction could raise as much as about $1.5 billion, surpassing the roughly $1 billion initial public offering completed by Monde Nissin Corp. in 2021, currently the country’s largest IPO on record.FEATURED STORIES
