Millions of Filipinos already trust GCash to move their money. The IPO asks whether they should trust it with their investment capital.
GCash’s incoming record-setting IPO hints at a stock market opening itself to asset-light enterprises, but is still far from embracing high-growth tech
‘My main job is really to hand it over to the next gen,’ the third-generation Aznar tells Rappler. ‘Looking at the IPO process, the requirements, the standards that you are held to, it really coincided with my interest.’
From the world’s biggest asset manager to the World Bank’s private sector investment arm, GCash has already secured about P36.5 billion in cornerstone commitments ahead of its October 6-12 IPO offer period
The shares will be offered from October 6 to 12, with Mynt targeting an October 20 debut on the Philippine Stock Exchange under the ticker GCASH
Most companies arriving on the exchange effectively say: give us your money and we will show you what we can build. PNB Holdings is saying, here is the balance sheet and tell us what we are worth.
GCash’s blockbuster IPO could turn years of paper gains into billions for its early private equity backers. For the retail investors buying in now, the question is how much growth still remains.
Go’s IPO — Japan’s biggest so far this year — has done more than provide a much-needed boost to the country’s languishing listing season. It has also supplied the taxi-hailing app with the capital required to address an existential issue: Japan’s shortage of drivers.
The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build U.S. factories.