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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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