Sunday, 28 June 2026 · SEA Deal Ticker

SEA Deal Ticker Sun, 28 Jun

Manila's record IPO and Jakarta's HKEX debut headline a capital-markets thaw.

Manila's Mynt files for a $1.5B IPO, the Philippines' largest ever — BusinessWorld · Permalink

GCash's parent will sell up to 9.23 billion shares at ₱10 apiece, targeting ₱92.3 billion ($1.5B) and a Q4 listing — eclipsing Monde Nissin's 2021 record.

Positive-sum angle: A wallet with 90 million users going public deepens the Philippines' thin equity market — and hands GCash the balance sheet to push credit and savings deeper into the still-unbanked.
Merdeka Gold debuts on HKEX — Indonesia's first dual listing in two decades — Jakarta Globe · Permalink

The Pani gold miner raised up to HK$2.4 billion ($306M) via depositary receipts priced at HK$26.60, drawing cornerstone backers including Glencore and UOB Kay Hian.

Positive-sum angle: A Jakarta-listed name tapping Hong Kong's deeper liquidity pool reopens a cross-border listing route Indonesian issuers have ignored since the 2000s — a template for the next resource champion.
Airwallex raises $320M Series H at an $11B valuation, eyeing Southeast Asia — TechNode Global · Permalink

Addition led the round, lifting the cross-border fintech's valuation from $8B in December; it now runs $1.3B in annualized revenue and went live commercially in Malaysia in April.

Positive-sum angle: Cheaper cross-border rails priced for the region let SEA exporters and marketplaces settle in more currencies without routing every payment through Western banks.