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MANILA, Philippines – The operator of GCash has formally kicked off what could become the biggest stock market debut in Philippine history after filing papers for an initial public offering (IPO) that could raise as much as P92.3 billion later this year.
Mynt Inc. said in a statement that it had submitted its registration statement to the Securities and Exchange Commission and its application for listing on the main board of the Philippine Stock Exchange, with the offering targeted for the fourth quarter.
READ: GCash targets record P92.3-B Philippine IPO
Subject to regulatory approvals and market conditions, the fintech giant plans to offer up to 8.03 billion common shares, with an overallotment option of up to 1.2 billion additional secondary shares.
