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BlackRock Said to Buy Into GCash Owner IPO Priced Below Maximum
Source: Bloomberg
IPOs & SPACsFintechEmerging MarketsInvestor Sentiment & Positioning
GCash, the operator of the Philippines' largest mobile wallet, is preparing an IPO with BlackRock, Capital Group and Schroders among prospective investors. The company has indicated the offering is likely to price below its maximum target, signaling institutional demand while potentially moderating valuation expectations.
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