Mynt Inc., the parent company of the GCash mobile wallet in the Philippines, has filed for a proposed initial public offering (IPO) that could raise up to P92.3 billion later this year. The company says it submitted a registration statement to the Securities and Exchange Commission (SEC) and applied to list on the main board of the Philippine Stock Exchange. The filings indicate a planned debut in the fourth quarter. Mynt’s proposed offering includes up to 8.03 billion shares, with an overallotment option for an additional up to 1.20 billion shares. The company also cites an indicative offer price of up to P10 per share, based on which the maximum proceeds could reach P92.3 billion. The disclosures across outlets describe the move as a major potential stock market debut, with the final size and timing still subject to regulatory review and market conditions. If approved and successfully completed on the planned timetable, the IPO would represent one of the largest share offerings in the Philippine capital markets in recent years.
Mynt, GCash parent, files for up to P92.3B IPO targeting Q4 listing
Mynt Inc., the parent company of the GCash mobile wallet in the Philippines, has filed for a proposed initial public offering (IPO) that could raise up to P92.3 billion later this year. The company sa...
- Mynt Inc., the parent of GCash, files an IPO application and registration statement with the SEC.
- Mynt applies to list the IPO on the Philippine Stock Exchange’s main board.
- The proposed IPO targets a fourth-quarter debut.
- The offering is for up to 8.03 billion shares, with an overallotment option of up to 1.20 billion shares.
- At an indicative offer price of up to P10 per share, the IPO could raise up to P92.3 billion.
MANILA, Philippines – The operator of GCash has formally kicked off what could become the biggest stock market debut in Philippine history after filing papers for an initial public offering (IPO) that could raise as much as P92.3 billion later this year. Mynt Inc. said in a statement that it had submitted its registration statement […]...Keep on reading: Record-breaking: GCash applies for P 92.3-B IPO
3 hours agoSINGAPORE — Mynt, the parent of Philippine mobile wallet GCash, has filed for a proposed initial public offering in Manila that could raise as much as P92.3 billion ($1.5 billion), the company said in a statement. RELATED: E-wallet firm Mynt aiming for $8 billion valuation in IPO, sources say | Globe Telecom moves ahead with Mynt IPO-related filings At its maximum, […] The post GCash parent Mynt looks to Philippine IPO to raise up to P92.3 billion appeared first on Interaksyon.
13 hours agoMANILA, Philippines – The company behind GCash has formally launched what could become the Philippines’ biggest stock market debut. In a statement, GCash parent Mynt Inc. said it had filed its registration statement with the Securities and Exchange Commission and applied to list on the Philippine Stock Exchange’s main board for a planned fourth-quarter initial public offering (IPO). READ: GCash targets record P92.3-B Philippine IPO Furthermore, the proposed offering consists of up to 8.03 billion shares, with an overallotment option of up to 1.20 billion additional shares. At an indicative offer price of up to P10 per share and assuming […]...Keep on reading: GCash files for IPO, targets Q4 debut
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