Core Viewpoint - GCash, a financial technology company backed by Ant Group and MUFG, plans to delay its IPO in Manila due to the ongoing downturn in the Philippine stock market, which is deemed unsuitable for listing [1] Company Summary - GCash is operated by Globe Fintech Innovations Inc (Mynt), which is a subsidiary of Globe Telecom, one of the largest telecommunications operators in the Philippines [1] - GCash is often referred to as the Philippine version of Alipay and represents a significant investment by Ant Group in the fintech sector in the Philippines [1] IPO Plans - Discussions regarding the IPO are still ongoing, and the timeline may change; however, Mynt has not made a formal decision on the IPO timing [1] - GCash initially aimed to raise up to $1.5 billion, equivalent to over 11.6 billion Hong Kong dollars, which would have made it the largest IPO in Philippine history [1]
传蚂蚁集团参投的菲律宾版“支付宝”GCash计划推迟上市