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

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.

GCash The planned stock market debut of GCash parent Mynt could do more than unlock value for its shareholders—it may also push the Philippine Stock Exchange (PSE) to rethink…