Analyst: GCash's IPO success hings on post-listing value

Manila Bulletin - Analyst: GCash’s IPO success hings on post-listing value

Analyst: GCash's IPO success hings on post-listing value

The success of Mynt Inc.’s initial public offering will depend on post-listing value creation and regional expansion rather than its initial ₱10 price ceiling, according to capital market analyst Jonathan Ravelas. The Philippine Stock Exchange (PSE) approved on Sept. 18 the listing application for the operator of digital wallet GCash, clearing the way for an offering of up to ₱92.3 billion.