GCash parent Mynt looks to Philippine IPO to raise up to $1.5 billion

SINGAPORE: Mynt, the parent of Philippine mobile wallet GCash, has filed for a proposed initial public offering in Manila that could raise as much as 92.3 billion pesos ($1.5 billion), the company said in a statement. At its maximum, the offer would be the Philippines’ largest IPO, surpassing ‌Monde Nissin’s ⁠record 55.89 ⁠billion peso debut in 2021.

It would also test investor demand for financial technology firms in Southeast Asia, where digital wallets have grown fast but also face increasing competition and tighter scrutiny from regulators.