PAYMENT GIANT MYNT BOOSTS PHILIPPINE MARKET HOPES WITH IPO RECORD

What happened: Mynt, the operator of GCash, listed on the Philippine stock exchange in an IPO that raised US$960 million, with shares opening 0.6% higher at 6.64 pesos from a listing price of 6.60 pesos. Key numbers: IPO raised US$960 million. Why it matters: Analysts said the listing could raise the country's fintech profile in Asean and Asia, with First Metro's Cristina Ulang calling GCash and Mynt a barometer of the Philippine digital economy. President Ferdinand Marcos said the market needs renewed investor interest and broader participation.

Mynt, the operator of GCash, listed on the Philippine stock exchange in an IPO that raised US$960 million, with shares opening 0.6% higher at 6.64 pesos from a listing price of 6.60 pesos.

Analysts said the listing could raise the country's fintech profile in Asean and Asia, with First Metro's Cristina Ulang calling GCash and Mynt a barometer of the Philippine digital economy. President Ferdinand Marcos said the market needs renewed investor interest and broader participation.