- Mynt, the Ant International-backed operator of GCash, priced its Philippine IPO at 6.60 pesos a share.
- The pricing values the fintech at around $7 billion and sets up one of the Philippine Stock Exchange’s largest ever listings.
- Globe Telecom, which holds around 34% of Mynt, disclosed the final offer price.
Quotes
“Mynt, which operates mobile financial-services platform GCash, set its final offer price at 6.60 pesos a share, equivalent to about 10 U.S. cents”