GCash Parent Mynt Lists After Record ₱60.9 Billion Philippine IPO
Photo: TokenPost
Mynt, Inc., the company behind Philippine digital wallet GCash, listed on the Philippine Stock Exchange (PSE) on Tuesday, Oct. 20, after a ₱60.9 billion IPO, the largest in the exchange’s history. The offering total includes shares sold by Mynt and by existing holders. Mynt sold 1,605,481,900 new shares at ₱6.60 each, raising about ₱10.6 billion before expenses for the company. Existing holders sold 6,421,927,700 shares, and the offer included an option for up to 1,204,111,400 more of their shares. Mynt plans to use proceeds from the new shares for digital financial services growth, product development and general corporate purposes.
Source: TokenPost
