Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Mynt prices GCash parent IPO at 6.60 pesos per share

Reuters ·
  • Mynt priced its Philippine IPO at 6.60 pesos ($0.1053) per share, two sources with knowledge of the matter said, a deal that would raise about 53 billion pesos based on Reuters calculations.
  • A full exercise of the 1.2 billion-share overallotment would lift proceeds to about 60.9 billion pesos, per Reuters calculations.
  • Cornerstone investors committed to buy 36.5 billion pesos of shares, the prospectus shows, covering a majority of the base deal size.
  • Mynt is the parent of GCash, the Philippine mobile wallet, and the listing lands on the Philippine Stock Exchange.

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