Key facts
- Mynt, parent of GCash, has filed for an IPO with the Philippine Stock Exchange.
- The GCash IPO is expected to raise approximately $1 billion.
- Globe Telecom is a key shareholder of Mynt and GCash.
- Jio, led by Mukesh Ambani, is preparing to file for an IPO.
- Jio's IPO could signal an end to a slowdown in India's listings market.
- GCash is the Philippines' leading fintech firm and mobile wallet operator.
Mynt, the parent company of the Philippine fintech unicorn GCash, has officially filed an application with the Philippine Stock Exchange for an initial public offering (IPO). This significant development follows an announcement made by its key shareholder, Globe Telecom. The anticipated IPO is expected to attract considerable interest within the local market and could potentially raise around $1 billion. The move by Mynt, operator of the popular mobile wallet GCash, is seen as a major step for the Philippine fintech sector.