Finance3 sources
Mynt's Record-Breaking IPO in Philippines Raises $967m
- Mynt, based in the Philippines, raised $967 million in its IPO, the largest in the country's history.
- The IPO was conducted by Mynt, the owner of the mobile payments app GCash.
- Despite a regional selloff, Mynt's shares edged higher in its debut.
- The funds raised will be used to finance Mynt's expansion of lending and financial services.
- Mynt's shares closed unchanged on the first day of trading.