SEA Deal Ticker
The country's biggest listing is an e-wallet: GCash owner Mynt cleared for a US$1.5B IPO
The Philippine Stock Exchange approved Mynt's listing on Friday. The GCash operator will sell up to 9.23 billion shares, raising up to US$1.5 billion (P92.3 billion), and trade under the ticker GCASH from October 20.
Positive-sum angle: Manila's exchange has never absorbed an offering this size; any Philippine founder who assumed an exit meant selling to a Singapore buyer now has a second door to price against.