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Stock impact report

GCash Said to Weigh Record Philippine IPO of Up to $1.5 Billion [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
potentially raise $1 billion to $1.5 billion, according to people familiar with the matter. Most Read from Bloomberg In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes In Italy's Motor City, Car-Free Options Are Growing New York City's ‘Living Breakwaters' Brace for Stormier Seas In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field The company intends to list in the second half of 2025, the people said, asking not to be identified because the information is private. An IPO of that size would likely make it the biggest ever in the Philippines. Deliberations are ongoing and details of the offering such as size and timeline could still change, the people said. A representative for GCash, which is controlled by Globe Fintech Innovations Inc., or Mynt, declined to comment. Mynt Chairman Ernest Cu said in an interview in May that GCash planned to go public next year. “We want to do it sooner than later. Sometime in 2025 would be the b Show less Read more
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