Reported about 9 hours ago
GCash, the leading fintech platform in the Philippines, is reportedly planning to conduct an initial public offering (IPO) in Manila, aiming to raise between $1 billion and $1.5 billion. The IPO is expected to take place in the second half of 2025, potentially becoming the largest in Philippine history. The company, backed by Globe Fintech Innovations Inc., is looking to rejuvenate Southeast Asia's equity capital markets amid declining activity due to high interest rates.
Source: YAHOO