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GCash Owner Gets Approval for Up to $1.5 Billion Philippines IPO
Source: Bloomberg
IPOs & SPACsFintechEmerging MarketsRegulation & Legislation
GCash's parent company received Philippine stock-exchange approval for an IPO of up to 92.3 billion pesos ($1.47 billion), clearing the final regulatory hurdle for what is set to be a record market debut. The approval is a major milestone for the Philippines' largest mobile-wallet platform and could materially boost local fintech-market visibility and capital-market activity.
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