GCash owner Mynt edges higher in record Philippine IPO amid Asian sell-off
- MANILA: Shares of fintech firm Mynt, operator of mobile wallet GCash, rose 1.7 per cent in its market debut on Tuesday (Oct 20) after the company raised 60.9 billion pesos (US$966.99 million) in the largest initial public offering on record in the Philippines.
- The stock opened at 6.63 pesos a share, up from its offer price of 6.60 pesos, before rising further to 6.71 pesos.
- The broader Philippine Stock Exchange index was down 0.02 per cent.
Unverified
- MANILA: Shares of fintech firm Mynt, operator of mobile wallet GCash, rose 1.7 per cent in its market debut on Tuesday (Oct 20) after the company raised 60.9 billion pesos (US$966.99 million) in the largest initial public offering on record in the Philippines.
- The stock opened at 6.63 pesos a share, up from its offer price of 6.60 pesos, before rising further to 6.71 pesos.
- The broader Philippine Stock Exchange index was down 0.02 per cent.
Sources: CNA