Mynt sets 6.60-peso IPO price for record $966m Philippine listing

Nikkei Asia · 5 hours ago
Mynt sets 6.60-peso IPO price for record $966m Philippine listing
  • Mynt, parent of digital wallet GCash, set the final offer price for its upcoming listing at 6.60 pesos per share.
  • The offering is on track to raise about 60.9 billion pesos ($966 million), the Philippines' largest-ever public offering.
  • The owner will use IPO proceeds to boost its financial services business.
  • Market observers had waited for Mynt to go public since GCash's popularity grew during the coronavirus pandemic.