BIZ BUZZ: GStocks users get first dibs on GCash IPO

MANILA, Philippines – The record-breaking P92.3-billion initial public offering (IPO) of homegrown fintech giant GCash (through parent Mynt) could just be that catalyst needed to democratize and demystify stock market trading in the country.

A well-placed industry source told Biz Buzz that GCash plans to offer IPO shares to all the GCash account holders.

“But to avail of that allocation, you have to open GStocks account,” the source said.

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GStocks is an app within the GCash platform that allows GCash users to open a stock trading account with affiliate stock brokerage AB Capital Securities Inc. (ABCSI). It currently has about 2 million account holders.FEATURED STORIES

BIZ BUZZ: GStocks users get first dibs on GCash IPO

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