Mynt Inc., parent of GCash with 94 million users, targets up to $1.5 billion in the Philippines' largest IPO with an $8 billion post-listing valuation.

Mynt Inc., parent of GCash with 94 million users, targets up to $1.5 billion in the Philippines' largest IPO with an $8 billion post-listing valuation.

If the GCash IPO merely rotates domestic funds among existing listed companies, the success will be more symbolic than transformative