Mynt prices GCash IPO at PHP 6.6 per share, raising US$845 million in Philippines' biggest-ever listing

Mynt priced the Philippine IPO of its GCash mobile wallet at PHP 6.6 per share, raising about US$845 million in the country's biggest-ever listing, with shares due to begin trading on Oct. 20. The pricing lands below the PHP 7 level a market commentator flagged as offering a margin of safety.

Detected & updated continuously · Source: Nebula