SEA Deal Ticker
The Philippines finally gets a tech listing worth queuing for: GCash parent Mynt clears a $1.5B IPO
The SEC cleared Mynt to raise up to $1.5B on the Philippine Stock Exchange at a roughly $11B valuation, trading from 20 October. It would be the country's largest listing ever.
Positive-sum angle: A public GCash prints a comparable for every Philippine fintech that has been told its market is too small to price. The pitch deck now has a domestic multiple in it.